International Iconic Gold Exploration Balance Sheet Health
Financial Health criteria checks 1/6
International Iconic Gold Exploration has a total shareholder equity of CA$6.3M and total debt of CA$2.2M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are CA$12.3M and CA$6.0M respectively.
Key information
35.6%
Debt to equity ratio
CA$2.25m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$21.21k |
| Equity | CA$6.32m |
| Total liabilities | CA$6.03m |
| Total assets | CA$12.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFML.F's short term assets (CA$159.7K) do not cover its short term liabilities (CA$4.9M).
Long Term Liabilities: MFML.F's short term assets (CA$159.7K) do not cover its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: MFML.F's net debt to equity ratio (35.3%) is considered satisfactory.
Reducing Debt: MFML.F's debt to equity ratio has increased from 1.4% to 35.6% over the past 5 years.
Debt Coverage: MFML.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MFML.F's interest payments on its debt are well covered by EBIT.