MustGrow Biologics Balance Sheet Health
Financial Health criteria checks 6/6
MustGrow Biologics has a total shareholder equity of CA$3.4M and total debt of CA$518.0K, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CA$4.3M and CA$943.0K respectively. MustGrow Biologics's EBIT is CA$182.1K making its interest coverage ratio -0.8. It has cash and short-term investments of CA$3.6M.
Key information
15.4%
Debt to equity ratio
CA$517.99k
Debt
| Interest coverage ratio | -0.8x |
| Cash | CA$3.57m |
| Equity | CA$3.37m |
| Total liabilities | CA$943.01k |
| Total assets | CA$4.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGRO.F's short term assets (CA$4.3M) exceed its short term liabilities (CA$802.1K).
Long Term Liabilities: MGRO.F's short term assets (CA$4.3M) exceed its long term liabilities (CA$140.9K).
Debt to Equity History and Analysis
Debt Level: MGRO.F has more cash than its total debt.
Reducing Debt: MGRO.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: MGRO.F has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: MGRO.F has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 4.7% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 14:48 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MustGrow Biologics Corp. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Gomes | NOBLE Capital Markets, Inc. |