New Century Resources Limited

ASX:NCZ Stock Report

Market Cap: AU$148.5m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

New Century Resources Balance Sheet Health

Financial Health criteria checks 2/6

New Century Resources has a total shareholder equity of A$76.7M and total debt of A$290.1K, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are A$462.0M and A$385.3M respectively. New Century Resources's EBIT is A$32.5M making its interest coverage ratio 3.7. It has cash and short-term investments of A$47.8M.

Key information

0.4%

Debt to equity ratio

AU$290.09k

Debt

Interest coverage ratio3.7x
CashAU$47.81m
EquityAU$76.73m
Total liabilitiesAU$385.31m
Total assetsAU$462.04m

Recent financial health updates

Recent updates

Returns On Capital Are Showing Encouraging Signs At New Century Resources (ASX:NCZ)

Jan 25
Returns On Capital Are Showing Encouraging Signs At New Century Resources (ASX:NCZ)

Investors Will Want New Century Resources' (ASX:NCZ) Growth In ROCE To Persist

Jun 15
Investors Will Want New Century Resources' (ASX:NCZ) Growth In ROCE To Persist

New Century Resources (ASX:NCZ) Has A Somewhat Strained Balance Sheet

Dec 06
New Century Resources (ASX:NCZ) Has A Somewhat Strained Balance Sheet

Analysts Expect New Century Resources Limited (ASX:NCZ) To Breakeven Soon

Mar 04
Analysts Expect New Century Resources Limited (ASX:NCZ) To Breakeven Soon

What Is The Ownership Structure Like For New Century Resources Limited (ASX:NCZ)?

Jan 10
What Is The Ownership Structure Like For New Century Resources Limited (ASX:NCZ)?

Financial Position Analysis

Short Term Liabilities: NCZ's short term assets (A$124.1M) do not cover its short term liabilities (A$155.2M).

Long Term Liabilities: NCZ's short term assets (A$124.1M) do not cover its long term liabilities (A$230.2M).


Debt to Equity History and Analysis

Debt Level: NCZ has more cash than its total debt.

Reducing Debt: NCZ's debt to equity ratio has increased from 0% to 0.4% 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: NCZ has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NCZ has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.2% each year.


Discover healthy companies