Mako Mining Corp. is a Canadian gold mining company focused on the exploration, development, and operation of gold projects in Central America. The company's principal asset is the high-grade San Albino gold mine located in Nueva Segovia, Nicaragua, which is currently in commercial production. Mako Mining is dedicated to maximizing shareholder value through efficient operations, resource expansion, and responsible mining practices. The company also holds other exploration concessions in Nicaragua, aiming to discover additional gold deposits and expand its resource base. Mako Mining Corp. is listed on the TSX Venture Exchange under the symbol MKO.
How many years of EBITDA are required to pay off the company's net debt, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
The current ratio helps investors understand more about a company's ability to cover its short-term debt with its current assets and make apples-to-apples comparisons with its competitors and peers.
The quick ratio measures a company's capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing and is considered a more conservative measure than the current ratio, which includes all current assets as coverage for current liabilities.
The interest coverage ratio is used to measure how well a firm can pay the interest due on outstanding debt and is is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period. Generally, a higher coverage ratio is better, although the ideal ratio may vary by industry.
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