Norwest Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Norwest Minerals has a total shareholder equity of A$19.2M and total debt of A$700.0K, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are A$20.6M and A$1.4M respectively.
Key information
3.7%
Debt to equity ratio
AU$700.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$447.35k |
| Equity | AU$19.16m |
| Total liabilities | AU$1.44m |
| Total assets | AU$20.60m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NWM's short term assets (A$537.1K) do not cover its short term liabilities (A$1.4M).
Long Term Liabilities: NWM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NWM's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: NWM's debt to equity ratio has reduced from 4.3% to 3.7% 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: NWM has sufficient cash runway for 2 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 2 months based on free cash flow estimates, but has since raised additional capital.