Nagambie Resources Balance Sheet Health
Financial Health criteria checks 3/6
Nagambie Resources has a total shareholder equity of A$16.2M and total debt of A$4.2M, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are A$21.1M and A$4.8M respectively.
Key information
26.0%
Debt to equity ratio
AU$4.23m
Debt
Interest coverage ratio | n/a |
Cash | AU$987.85k |
Equity | AU$16.25m |
Total liabilities | AU$4.82m |
Total assets | AU$21.06m |
Recent financial health updates
We Think Nagambie Resources (ASX:NAG) Has A Fair Chunk Of Debt
Mar 14Here's Why Nagambie Resources (ASX:NAG) Can Afford Some Debt
Mar 21Is Nagambie Resources (ASX:NAG) Using Too Much Debt?
May 19Here's Why Nagambie Resources (ASX:NAG) Can Afford Some Debt
Sep 29We Think Nagambie Resources (ASX:NAG) Has A Fair Chunk Of Debt
Mar 14We Think Nagambie Resources (ASX:NAG) Has A Fair Chunk Of Debt
Nov 22Recent updates
We Think Nagambie Resources (ASX:NAG) Has A Fair Chunk Of Debt
Mar 14Shareholders May Not Be So Generous With Nagambie Resources Limited's (ASX:NAG) CEO Compensation And Here's Why
Nov 23Here's Why Nagambie Resources (ASX:NAG) Can Afford Some Debt
Mar 21Is Nagambie Resources (ASX:NAG) Using Too Much Debt?
May 19Here's Why Nagambie Resources (ASX:NAG) Can Afford Some Debt
Sep 29We Think Nagambie Resources (ASX:NAG) Has A Fair Chunk Of Debt
Mar 14We Think Nagambie Resources (ASX:NAG) Has A Fair Chunk Of Debt
Nov 22Financial Position Analysis
Short Term Liabilities: NAG's short term assets (A$1.2M) exceed its short term liabilities (A$976.5K).
Long Term Liabilities: NAG's short term assets (A$1.2M) do not cover its long term liabilities (A$3.8M).
Debt to Equity History and Analysis
Debt Level: NAG's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: NAG's debt to equity ratio has reduced from 41.6% to 26% 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: NAG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NAG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.2% each year