Magna Mining Inc (NICU) - Total Liabilities
Based on the latest financial reports, Magna Mining Inc (NICU) has total liabilities worth CA$94.67 Million CAD (≈ $68.48 Million USD) as of September 2025. 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.
Magna Mining Inc - Total Liabilities Trend (2020–2024)
This chart illustrates how Magna Mining Inc's total liabilities have evolved over time, based on quarterly financial data. See NICU net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Magna Mining Inc Competitors by Total Liabilities
The table below lists competitors of Magna Mining Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Hangzhou Coco Healthcare Products Co.Ltd.
SHE:301009
|
China | CN¥739.23 Million |
|
Kelly Services A Inc
NASDAQ:KELYA
|
USA | $1.29 Billion |
|
Universal Vision Biotechnology Co Ltd
TWO:3218
|
Taiwan | NT$1.93 Billion |
|
Henan Rebecca Hair Products Co Ltd
SHG:600439
|
China | CN¥1.67 Billion |
|
Xuancheng Valin Precision Technology Co Ltd
SHG:603356
|
China | CN¥884.37 Million |
|
Dave & Buster’s Entertainment
NASDAQ:PLAY
|
USA | $4.03 Billion |
|
Chin Hin Group Property Bhd
KLSE:7187
|
Malaysia | RM990.06 Million |
|
Lumax International Corp Ltd
TW:6192
|
Taiwan | NT$5.38 Billion |
Liability Composition Analysis (2020–2024)
This chart breaks down Magna Mining Inc'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 Magna Mining Inc stock valuation.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 3.23 | 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 | 0.80 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.45 | 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 Magna Mining Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Magna Mining Inc (2020–2024)
The table below shows the annual total liabilities of Magna Mining Inc from 2020 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-12-31 | CA$4.53 Million ≈ $3.27 Million |
-16.66% |
| 2023-12-31 | CA$5.43 Million ≈ $3.93 Million |
+7.07% |
| 2022-12-31 | CA$5.07 Million ≈ $3.67 Million |
+126.24% |
| 2021-12-31 | CA$2.24 Million ≈ $1.62 Million |
+42.14% |
| 2020-12-31 | CA$1.58 Million ≈ $1.14 Million |
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About Magna Mining Inc
Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, cobalt, gold, and platinum group metal deposits. Its flagship properties include100% interest in the Crean Hill Project; and 84% interest in the Shakespeare Mine located in Sudbury, Canada. Magna Mining Inc. was founded in 2016 and is headq… Read more