Noronex Balance Sheet Health
Financial Health criteria checks 6/6
Noronex has a total shareholder equity of A$3.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$3.4M and A$409.6K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$385.17k |
Equity | AU$3.01m |
Total liabilities | AU$409.56k |
Total assets | AU$3.42m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NRX's short term assets (A$936.5K) exceed its short term liabilities (A$409.6K).
Long Term Liabilities: NRX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NRX is debt free.
Reducing Debt: NRX had no debt 5 years ago.
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: NRX has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NRX is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.