Norwest Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Norwest Minerals has a total shareholder equity of A$20.8M and total debt of A$375.0K, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are A$21.7M and A$994.2K respectively.
Key information
1.8%
Debt to equity ratio
AU$375.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$244.71k |
| Equity | AU$20.76m |
| Total liabilities | AU$994.20k |
| Total assets | AU$21.75m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NWM's short term assets (A$327.1K) do not cover its short term liabilities (A$994.2K).
Long Term Liabilities: NWM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NWM's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: NWM's debt to equity ratio has increased from 0% to 1.8% 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: NWM has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NWM is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.