Military Metals Corp.

OTCPK:MILI.F Stock Report

Market Cap: US$21.6m

Military Metals Balance Sheet Health

Financial Health criteria checks 2/6

Military Metals has a total shareholder equity of CA$-382.6K and total debt of CA$485.9K, which brings its debt-to-equity ratio to -127%. Its total assets and total liabilities are CA$527.6K and CA$910.2K respectively.

Key information

-127.0%

Debt to equity ratio

CA$485.90k

Debt

Interest coverage ration/a
CashCA$389.28k
Equity-CA$382.58k
Total liabilitiesCA$910.18k
Total assetsCA$527.59k

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MILI.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MILI.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MILI.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MILI.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: MILI.F has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MILI.F is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.


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