Midnight Sun Mining Balance Sheet Health
Financial Health criteria checks 6/6
Midnight Sun Mining has a total shareholder equity of CA$21.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$22.1M and CA$441.4K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$7.76m |
| Equity | CA$21.63m |
| Total liabilities | CA$441.40k |
| Total assets | CA$22.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDNG.F's short term assets (CA$8.1M) exceed its short term liabilities (CA$177.7K).
Long Term Liabilities: MDNG.F's short term assets (CA$8.1M) exceed its long term liabilities (CA$263.7K).
Debt to Equity History and Analysis
Debt Level: MDNG.F is debt free.
Reducing Debt: MDNG.F had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MDNG.F has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: MDNG.F has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 5.4% each year