Mobile Global Esports Balance Sheet Health
Financial Health criteria checks 3/6
Mobile Global Esports has a total shareholder equity of $3.1M and total debt of $65.0K, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are $3.4M and $324.1K respectively.
Key information
2.1%
Debt to equity ratio
US$65.04k
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.17m |
| Equity | US$3.10m |
| Total liabilities | US$324.14k |
| Total assets | US$3.42m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGAM's short term assets ($3.3M) exceed its short term liabilities ($272.0K).
Long Term Liabilities: MGAM's short term assets ($3.3M) exceed its long term liabilities ($52.2K).
Debt to Equity History and Analysis
Debt Level: MGAM has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MGAM's debt to equity ratio has reduced 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: MGAM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MGAM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 111.8% each year