Nexus Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Nexus Minerals has a total shareholder equity of A$5.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$6.4M and A$699.6K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.55m |
| Equity | AU$5.74m |
| Total liabilities | AU$699.63k |
| Total assets | AU$6.44m |
Financial Position Analysis
Short Term Liabilities: NXM's short term assets (A$4.8M) exceed its short term liabilities (A$668.1K).
Long Term Liabilities: NXM's short term assets (A$4.8M) exceed its long term liabilities (A$31.5K).
Debt to Equity History and Analysis
Debt Level: NXM is debt free.
Reducing Debt: NXM 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: NXM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NXM is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.