Magna Gold Balance Sheet Health
Financial Health criteria checks 1/6
Magna Gold has a total shareholder equity of $2.0M and total debt of $6.6M, which brings its debt-to-equity ratio to 332.1%. Its total assets and total liabilities are $77.5M and $75.5M respectively.
Key information
332.1%
Debt to equity ratio
US$6.58m
Debt
Interest coverage ratio | n/a |
Cash | US$94.00k |
Equity | US$1.98m |
Total liabilities | US$75.54m |
Total assets | US$77.52m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGLQ.F's short term assets ($19.9M) do not cover its short term liabilities ($64.3M).
Long Term Liabilities: MGLQ.F's short term assets ($19.9M) exceed its long term liabilities ($11.3M).
Debt to Equity History and Analysis
Debt Level: MGLQ.F's net debt to equity ratio (327.3%) is considered high.
Reducing Debt: Insufficient data to determine if MGLQ.F's debt to equity ratio has reduced over the past 5 years.
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: MGLQ.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MGLQ.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 52.9% each year