First Majestic Silver Corp
TSX:FR

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First Majestic Silver Corp Logo
First Majestic Silver Corp
TSX:FR
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Price: 8.09 CAD -1.34% Market Closed
Market Cap: 2.3B CAD

Bankruptcy Probability

First Majestic Silver Corp's probability of bankruptcy is 3.3%, pointing to a small but noticeable default risk. The solvency score is 50/100 — a warning sign of potential financial weakness.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Moderate
Probability of Bankruptcy

Financial Position

A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.

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0
Cash & ST Investments
+0%
Dec 31, 2023 188m
Dec 31, 2022 0
Dec 31, 2021 0
0
Long-Term Investments
+0%
Dec 31, 2023 0
Dec 31, 2022 0
Dec 31, 2021 0
0
Debt
+0%
Dec 31, 2023 238.3m
Dec 31, 2022 0
Dec 31, 2021 0

Interest Coverage

To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.

The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.

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All Solvency Ratios

Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.

Is First Majestic Silver Corp at risk of bankruptcy?

First Majestic Silver Corp's probability of bankruptcy is 3.3%, pointing to a small but noticeable default risk.

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does First Majestic Silver Corp have?

As of the latest report, First Majestic Silver Corp has total debt of 238.2m USD. This includes both short-term (0 USD) and long-term (238.2m USD) debt.

You can find a full breakdown on its Balance Sheet.

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