Noble Helium Balance Sheet Health
Financial Health criteria checks 5/6
Noble Helium has a total shareholder equity of A$44.8M and total debt of A$4.6M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are A$51.2M and A$6.4M respectively.
Key information
10.3%
Debt to equity ratio
AU$4.63m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.26m |
| Equity | AU$44.78m |
| Total liabilities | AU$6.39m |
| Total assets | AU$51.16m |
Financial Position Analysis
Short Term Liabilities: NHE's short term assets (A$5.4M) do not cover its short term liabilities (A$6.3M).
Long Term Liabilities: NHE's short term assets (A$5.4M) exceed its long term liabilities (A$57.2K).
Debt to Equity History and Analysis
Debt Level: NHE's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: NHE's debt to equity ratio has reduced from 10.8% to 10.3% over the 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: NHE has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NHE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.