Majestic Gold Balance Sheet Health
Financial Health criteria checks 6/6
Majestic Gold has a total shareholder equity of $152.3M and total debt of $4.2M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are $187.2M and $34.9M respectively. Majestic Gold's EBIT is $18.7M making its interest coverage ratio -21.3. It has cash and short-term investments of $98.0M.
Key information
2.8%
Debt to equity ratio
US$4.24m
Debt
Interest coverage ratio | -21.3x |
Cash | US$97.97m |
Equity | US$152.30m |
Total liabilities | US$34.93m |
Total assets | US$187.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJGC.F's short term assets ($102.3M) exceed its short term liabilities ($25.9M).
Long Term Liabilities: MJGC.F's short term assets ($102.3M) exceed its long term liabilities ($9.1M).
Debt to Equity History and Analysis
Debt Level: MJGC.F has more cash than its total debt.
Reducing Debt: MJGC.F's debt to equity ratio has reduced from 15.7% to 2.8% over the past 5 years.
Debt Coverage: MJGC.F's debt is well covered by operating cash flow (578.2%).
Interest Coverage: MJGC.F earns more interest than it pays, so coverage of interest payments is not a concern.