Magellan Copper and Gold Corp Financials
Financial Health Signals
Magellan Copper and Gold Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Magellan Copper and Gold Corp generates $0.19 in operating cash flow (-$143K OCF vs -$770K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Magellan Copper and Gold Corp earns $-9.0 in operating income for every $1 of interest expense (-$743K vs $83K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Magellan Copper and Gold Corp (MAGE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Magellan Copper and Gold Corp reported -$770K in net income in fiscal year 2024. This represents an increase of 47.4% from the prior year.
Magellan Copper and Gold Corp earned $-0.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 62.5% from the prior year.
Magellan Copper and Gold Corp held $896 in cash against $0 in long-term debt as of fiscal year 2024.
Magellan Copper and Gold Corp had 26M shares outstanding in fiscal year 2024. This represents an increase of 33.6% from the prior year.
MAGE Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $32K-70.5% | $107K | N/A | $59K | N/A | $33K | N/A | $393K |
| Operating Income | -$32K+70.5% | -$107K | N/A | -$59K | N/A | -$33K | N/A | -$393K |
| Interest Expense | $18K-16.8% | $22K | N/A | $21K | N/A | $82K | N/A | $53K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$153K-130.1% | -$67K | N/A | -$181K | N/A | -$77K | N/A | -$461K |
| EPS (Diluted) | $-0.01 | $0.00 | N/A | $-0.01 | N/A | $-0.01 | N/A | $-0.04 |
MAGE Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $106K+5.1% | $101K+0.8% | $100K-92.3% | $1.3M+550.4% | $201K-83.4% | $1.2M-1.2% | $1.2M-6.8% | $1.3M |
| Current Assets | $6K+571.1% | $896+805.1% | $99-99.2% | $13K+92.5% | $7K-49.2% | $13K-54.3% | $29K-75.7% | $119K |
| Cash & Equivalents | $388-56.7% | $896+805.1% | $99-99.2% | $13K+1634.2% | $743-65.3% | $2K-88.6% | $19K-73.9% | $72K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.1M+6.5% | $2.0M+11.1% | $1.8M-0.4% | $1.8M+5.5% | $1.7M-9.5% | $1.9M+26.1% | $1.5M+5.0% | $1.4M |
| Current Liabilities | $2.1M+6.5% | $2.0M+11.1% | $1.8M-0.4% | $1.8M+5.5% | $1.7M-9.5% | $1.9M+26.1% | $1.5M+5.0% | $1.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.0M-6.6% | -$1.9M-11.7% | -$1.7M-247.8% | -$484K+67.7% | -$1.5M-123.4% | -$670K-151.8% | -$266K-151.1% | -$106K |
| Retained Earnings | -$22.1M-1.5% | -$21.8M-3.7% | -$21.0M-6.1% | -$19.8M-1.3% | -$19.5M-5.1% | -$18.6M-3.4% | -$18.0M-1.1% | -$17.8M |
MAGE Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$201+99.0% | -$20K-46.1% | -$14K-449.2% | -$3K+84.7% | -$16K+64.8% | -$47K+12.5% | -$53K+13.1% | -$61K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | $0 | $0 | $0 | $0 | $0 | $0+100.0% | -$44K |
| Financing Cash Flow | $0-100.0% | $5K+400.0% | $1K-92.1% | $13K-16.0% | $15K-67.4% | $46K | $0 | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MAGE Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -144.6%-132.2pp | -12.4% | N/A | -13.9% | N/A | -6.3% | N/A | -35.1% |
| Current Ratio | 0.000.0 | 0.000.0 | 0.000.0 | 0.010.0 | 0.000.0 | 0.01-0.0 | 0.02-0.1 | 0.08 |
| Debt-to-Equity | -1.050.0 | -1.050.0 | -1.06+2.6 | -3.70-2.6 | -1.13+1.7 | -2.80+2.8 | -5.59+7.8 | -13.38 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$1.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Magellan Copper and Gold Corp profitable?
No, Magellan Copper and Gold Corp (MAGE) reported a net income of -$770K in fiscal year 2024.
What is Magellan Copper and Gold Corp's earnings per share (EPS)?
Magellan Copper and Gold Corp (MAGE) reported diluted earnings per share of $-0.03 for fiscal year 2024. This represents a 62.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Magellan Copper and Gold Corp's operating cash flow?
Magellan Copper and Gold Corp (MAGE) generated -$143K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Magellan Copper and Gold Corp's total assets?
Magellan Copper and Gold Corp (MAGE) had $101K in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Magellan Copper and Gold Corp have outstanding?
Magellan Copper and Gold Corp (MAGE) had 26M shares outstanding as of fiscal year 2024.
What is Magellan Copper and Gold Corp's current ratio?
Magellan Copper and Gold Corp (MAGE) had a current ratio of 0.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Magellan Copper and Gold Corp's debt-to-equity ratio?
Magellan Copper and Gold Corp (MAGE) had a debt-to-equity ratio of -1.05 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Magellan Copper and Gold Corp's return on assets (ROA)?
Magellan Copper and Gold Corp (MAGE) had a return on assets of -763.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Magellan Copper and Gold Corp's cash runway?
Based on fiscal year 2024 data, Magellan Copper and Gold Corp (MAGE) had $896 in cash against an annual operating cash burn of $143K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Magellan Copper and Gold Corp's debt-to-equity ratio negative or unusual?
Magellan Copper and Gold Corp (MAGE) has negative shareholder equity of -$1.9M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Magellan Copper and Gold Corp's Piotroski F-Score?
Magellan Copper and Gold Corp (MAGE) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Magellan Copper and Gold Corp's earnings high quality?
Magellan Copper and Gold Corp (MAGE) has an earnings quality ratio of 0.19x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Magellan Copper and Gold Corp cover its interest payments?
Magellan Copper and Gold Corp (MAGE) has an interest coverage ratio of -9.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.