Magnetic North Acquisition Corp (MNC) - Total Liabilities
Based on the latest financial reports, Magnetic North Acquisition Corp (MNC) has total liabilities worth CA$4.68 Million CAD (≈ $3.39 Million USD) as of September 2024. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Explore Magnetic North Acquisition Corp cash flow conversion to assess how effectively this company generates cash.
Magnetic North Acquisition Corp - Total Liabilities Trend (2017–2023)
This chart illustrates how Magnetic North Acquisition Corp's total liabilities have evolved over time, based on quarterly financial data. Check asset resilience ratio of Magnetic North Acquisition Corp to evaluate the company's liquid asset resilience ratio.
Magnetic North Acquisition Corp Competitors by Total Liabilities
The table below lists competitors of Magnetic North Acquisition Corp ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Aurora Investment Trust plc
LSE:ARR
|
UK | GBX442.00K |
|
Avalon GloboCare Corp.
NASDAQ:ALBT
|
USA | $14.17 Million |
|
Sabio Holdings Inc
V:SBIO
|
Canada | CA$23.08 Million |
|
Galore Resources Inc
V:GRI
|
Canada | CA$10.83 Million |
|
Appulse Corp
V:APL
|
Canada | CA$64.25K |
|
Asdion Bhd
KLSE:0068
|
Malaysia | RM13.73 Million |
|
8I Holdings Ltd
AU:8IH
|
Australia | AU$270.29K |
Liability Composition Analysis (2017–2023)
This chart breaks down Magnetic North Acquisition Corp's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see MNC market cap.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.17 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | -1.28 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 4.59 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Magnetic North Acquisition Corp's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Magnetic North Acquisition Corp (2017–2023)
The table below shows the annual total liabilities of Magnetic North Acquisition Corp from 2017 to 2023.
| Year | Total Liabilities | Change |
|---|---|---|
| 2023-09-30 | CA$15.89 Million ≈ $11.49 Million |
-16.49% |
| 2022-09-30 | CA$19.02 Million ≈ $13.76 Million |
+3.80% |
| 2021-09-30 | CA$18.33 Million ≈ $13.26 Million |
+3374.45% |
| 2020-09-30 | CA$527.52K ≈ $381.60K |
-14.47% |
| 2019-09-30 | CA$616.77K ≈ $446.16K |
-21.84% |
| 2018-09-30 | CA$789.06K ≈ $570.80K |
+94.91% |
| 2017-09-30 | CA$404.84K ≈ $292.86K |
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About Magnetic North Acquisition Corp
Magnetic North Acquisition Corp. engages in the merchant banking business in Canada. The company provides strategic and financial advice and services to companies in the clean power technology, consumer products, manufacturing, and information technology sectors. It also focuses on investing in various industries, such as clean power technology, oilfield services, consumer products, and software … Read more