Nex Metals Explorations Limited

ASX:NME Stock Report

Market Cap: AU$8.4m

Nex Metals Explorations Balance Sheet Health

Financial Health criteria checks 0/6

Nex Metals Explorations has a total shareholder equity of A$-819.9K and total debt of A$346.8K, which brings its debt-to-equity ratio to -42.3%. Its total assets and total liabilities are A$1.2M and A$2.0M respectively.

Key information

-42.3%

Debt to equity ratio

AU$346.83k

Debt

Interest coverage ration/a
CashAU$30.16k
Equity-AU$819.94k
Total liabilitiesAU$2.04m
Total assetsAU$1.22m

Recent financial health updates

No updates

Recent updates

Does Nex Metals Explorations' (ASX:NME) CEO Salary Compare Well With The Performance Of The Company?

Jan 12
Does Nex Metals Explorations' (ASX:NME) CEO Salary Compare Well With The Performance Of The Company?

Financial Position Analysis

Short Term Liabilities: NME has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: NME has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: NME has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: NME's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: NME has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NME has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.3% each year


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