Northern Minerals Balance Sheet Health

Financial Health criteria checks 4/6

Northern Minerals has a total shareholder equity of A$3.0M and total debt of A$14.0M, which brings its debt-to-equity ratio to 473.7%. Its total assets and total liabilities are A$31.5M and A$28.5M respectively.

Key information

473.7%

Debt to equity ratio

AU$14.04m

Debt

Interest coverage ratio	n/a
Cash	AU$24.32m
Equity	AU$2.96m
Total liabilities	AU$28.53m
Total assets	AU$31.49m

Recent financial health updates

We're Keeping An Eye On Northern Minerals' (ASX:NTU) Cash Burn Rate

Jun 10

Companies Like Northern Minerals (ASX:NTU) Are In A Position To Invest In Growth

Sep 27

Recent updates

We're Keeping An Eye On Northern Minerals' (ASX:NTU) Cash Burn Rate

Jun 10

Companies Like Northern Minerals (ASX:NTU) Are In A Position To Invest In Growth

Sep 27

Could 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 15

Financial Position Analysis

Short Term Liabilities: NTU's short term assets (A$26.0M) exceed its short term liabilities (A$23.1M).

Long Term Liabilities: NTU's short term assets (A$26.0M) exceed its long term liabilities (A$5.4M).

Debt to Equity History and Analysis

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

Reducing Debt: NTU's debt to equity ratio has increased from 141.7% to 473.7% 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: NTU has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NTU has less than a year of cash runway if free cash flow continues to grow at historical rates of 21.5% each year.

Northern Minerals Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

We're Keeping An Eye On Northern Minerals' (ASX:NTU) Cash Burn Rate

Companies Like Northern Minerals (ASX:NTU) Are In A Position To Invest In Growth

Recent updates

Northern Minerals Limited, Annual General Meeting, Jun 06, 2024

Northern Minerals Limited, Annual General Meeting, Mar 26, 2024

Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd

Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd

Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd

Northern Minerals Limited, Annual General Meeting, Nov 30, 2023

Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.005 loss in FY 2022)

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in 1H 2022)

Northern Minerals Limited Announces Resignation of Ming Lu Has from His Position as Non-Executive Director

Northern Minerals Limited Appoints Shane Hartwig as Executive Director of Finance

No independent directors

Northern Minerals Limited announced that it expects to receive AUD 73 million in funding

Northern Minerals Limited Announces Cessation of Mark Tory as CEO

Northern Minerals Limited Appoints Shane Hartwig as Executive Director Finance

Northern Minerals Announces Substantial Increase in the Rare Earth Mineral Resource Estimate for Its Wolverine Development Project (Wolverine) in Northern Western Australia

Northern Minerals Limited, Annual General Meeting, Nov 25, 2022

Northern Minerals Limited Announces Board Changes

We're Keeping An Eye On Northern Minerals' (ASX:NTU) Cash Burn Rate

No independent directors

Companies Like Northern Minerals (ASX:NTU) Are In A Position To Invest In Growth

Northern Minerals Limited Progresses Its Ore Sorting Project Enhancement Initiative with the Commissioning and Testing of the Sorter System

Non-Executive Director Yanchung Wang has left the company

Non-Executive Director Yanchung Wang has left the company

Non-Executive Director Yanchung Wang has left the company

Northern Minerals Limited Commences Second Phase Drilling Campaign

Northern Minerals Limited Completes Installation and Commissioning of Ore Sorting System at its Browns Range Pilot Plant

Northern Minerals Limited Starts Second Phase Drilling Campaign

Northern Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million.

Northern Minerals Limited Announces Final Results from 2020 Drilling

Northern Minerals Limited announced that it expects to receive AUD 20 million in funding

Northern Minerals Limited Completes Feasibility Study for Construction of Commercial-Scale Beneficiation Plant at Browns Range

Could The Northern Minerals Limited (ASX:NTU) Ownership Structure Tell Us Something Useful?

Northern Minerals Limited Reports First Drilling Results Indicate Potential for Mineral Resource Growth At Browns Range

Non-Executive Chairman recently sold AU$88k worth of stock

Colin McCavana Is The Non-Executive Chairman of Northern Minerals Limited (ASX:NTU) And They Just Sold 82% Of Their Shares

Northern Minerals Limited Announces Resignation of Adrian Griffin as Non-Executive Director

Northern Minerals Limited Appoints LiangBing Yu to the Board as Non-Executive Director

Northern Minerals Limited to Commence Major Drilling Program At Browns Range

Independent Non-Executive Director recently sold AU$82.0k worth of stock

Northern Minerals Limited Appoints Mark Tory as Chief Executive Officer

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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