Northern Minerals Balance Sheet Health
Financial Health criteria checks 2/6
Northern Minerals has a total shareholder equity of A$-14.0M and total debt of A$14.4M, which brings its debt-to-equity ratio to -103.1%. Its total assets and total liabilities are A$13.9M and A$27.9M respectively.
Key information
-103.1%
Debt to equity ratio
AU$14.45m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$8.25m |
| Equity | -AU$14.01m |
| Total liabilities | AU$27.95m |
| Total assets | AU$13.94m |
Recent financial health updates
Is Northern Minerals (ASX:NTU) Using Too Much Debt?
May 24
We're Keeping An Eye On Northern Minerals' (ASX:NTU) Cash Burn Rate
Jun 10Companies Like Northern Minerals (ASX:NTU) Are In A Position To Invest In Growth
Sep 27Recent updates
Is Northern Minerals (ASX:NTU) Using Too Much Debt?
May 24We're Keeping An Eye On Northern Minerals' (ASX:NTU) Cash Burn Rate
Jun 10Companies Like Northern Minerals (ASX:NTU) Are In A Position To Invest In Growth
Sep 27Could The Northern Minerals Limited (ASX:NTU) Ownership Structure Tell Us Something Useful?
Feb 07
Colin McCavana Is The Non-Executive Chairman of Northern Minerals Limited (ASX:NTU) And They Just Sold 82% Of Their Shares
Dec 15Financial Position Analysis
Short Term Liabilities: NTU has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NTU 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: NTU has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NTU'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: NTU has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NTU has sufficient cash runway for 1 years if free cash flow continues to grow at historical rates of 19.2% each year.