MustGrow Biologics Balance Sheet Health
Financial Health criteria checks 6/6
MustGrow Biologics has a total shareholder equity of CA$4.7M and total debt of CA$759.3K, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CA$6.0M and CA$1.3M respectively.
Key information
16.2%
Debt to equity ratio
CA$759.33k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$5.89m |
| Equity | CA$4.69m |
| Total liabilities | CA$1.33m |
| Total assets | CA$6.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGRO.F's short term assets (CA$6.0M) exceed its short term liabilities (CA$1.2M).
Long Term Liabilities: MGRO.F's short term assets (CA$6.0M) 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's debt to equity ratio has reduced from 177.3% to 16.2% 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: 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 16.2% each year