Pacific Nickel Mines Limited

ASX:PNM Stock Report

Market Cap: AU$13.4m

Pacific Nickel Mines Balance Sheet Health

Financial Health criteria checks 1/6

Pacific Nickel Mines has a total shareholder equity of A$17.4M and total debt of A$34.2M, which brings its debt-to-equity ratio to 196.3%. Its total assets and total liabilities are A$57.1M and A$39.7M respectively.

Key information

196.3%

Debt to equity ratio

AU$34.21m

Debt

Interest coverage ration/a
CashAU$6.75m
EquityAU$17.43m
Total liabilitiesAU$39.69m
Total assetsAU$57.12m

Recent financial health updates

Recent updates

Here's Why Pacific Nickel Mines (ASX:PNM) Can Afford Some Debt

Oct 02
Here's Why Pacific Nickel Mines (ASX:PNM) Can Afford Some Debt

It's Unlikely That The CEO Of Pacific Nickel Mines Limited (ASX:PNM) Will See A Huge Pay Rise This Year

Nov 19
It's Unlikely That The CEO Of Pacific Nickel Mines Limited (ASX:PNM) Will See A Huge Pay Rise This Year

Does Pacific Nickel Mines' (ASX:PNM) CEO Salary Compare Well With The Performance Of The Company?

Jan 18
Does Pacific Nickel Mines' (ASX:PNM) CEO Salary Compare Well With The Performance Of The Company?

Financial Position Analysis

Short Term Liabilities: PNM's short term assets (A$9.3M) do not cover its short term liabilities (A$20.1M).

Long Term Liabilities: PNM's short term assets (A$9.3M) do not cover its long term liabilities (A$19.6M).


Debt to Equity History and Analysis

Debt Level: PNM's net debt to equity ratio (157.6%) is considered high.

Reducing Debt: PNM's debt to equity ratio has reduced from 460.2% to 196.3% 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: PNM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PNM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 58.5% each year


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