EV Nickel Balance Sheet Health
Financial Health criteria checks 6/6
EV Nickel has a total shareholder equity of CA$5.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.1M and CA$1.7M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$6.80m |
Equity | CA$5.33m |
Total liabilities | CA$1.73m |
Total assets | CA$7.06m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: EVNI's short term assets (CA$7.0M) exceed its short term liabilities (CA$1.7M).
Long Term Liabilities: EVNI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EVNI is debt free.
Reducing Debt: EVNI has not had any debt for past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EVNI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EVNI has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 11.9% each year.