Max Resource Balance Sheet Health
Financial Health criteria checks 3/6
Max Resource has a total shareholder equity of CA$20.9M and total debt of CA$327.2K, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CA$22.2M and CA$1.3M respectively.
Key information
1.6%
Debt to equity ratio
CA$327.21k
Debt
Interest coverage ratio | n/a |
Cash | CA$8.67m |
Equity | CA$20.94m |
Total liabilities | CA$1.30m |
Total assets | CA$22.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MXRO.F's short term assets (CA$8.8M) exceed its short term liabilities (CA$1.0M).
Long Term Liabilities: MXRO.F's short term assets (CA$8.8M) exceed its long term liabilities (CA$302.5K).
Debt to Equity History and Analysis
Debt Level: MXRO.F has more cash than its total debt.
Reducing Debt: MXRO.F's debt to equity ratio has increased from 0% to 1.6% 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: MXRO.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MXRO.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.7% each year