Mkango Resources Balance Sheet Health
Financial Health criteria checks 4/6
Mkango Resources has a total shareholder equity of $3.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $8.9M and $5.3M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$484.30k |
Equity | US$3.60m |
Total liabilities | US$5.30m |
Total assets | US$8.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MKNG.F's short term assets ($648.4K) do not cover its short term liabilities ($2.6M).
Long Term Liabilities: MKNG.F's short term assets ($648.4K) do not cover its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: MKNG.F is debt free.
Reducing Debt: MKNG.F had no debt 5 years ago.
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: MKNG.F has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MKNG.F is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.