Maritime Resources Balance Sheet Health
Financial Health criteria checks 4/6
Maritime Resources has a total shareholder equity of CA$38.0M and total debt of CA$5.8M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are CA$51.9M and CA$13.9M respectively.
Key information
15.3%
Debt to equity ratio
CA$5.81m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$651.14k |
| Equity | CA$38.03m |
| Total liabilities | CA$13.89m |
| Total assets | CA$51.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRTM.F's short term assets (CA$1.3M) exceed its short term liabilities (CA$699.4K).
Long Term Liabilities: MRTM.F's short term assets (CA$1.3M) do not cover its long term liabilities (CA$13.2M).
Debt to Equity History and Analysis
Debt Level: MRTM.F's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: MRTM.F's debt to equity ratio has increased from 0% to 15.3% 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: MRTM.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MRTM.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.