Pacific Nickel Mines Balance Sheet Health
Financial Health criteria checks 0/6
Pacific Nickel Mines has a total shareholder equity of A$3.7M and total debt of A$38.2M, which brings its debt-to-equity ratio to 1037%. Its total assets and total liabilities are A$57.6M and A$54.0M respectively.
Key information
1,037.0%
Debt to equity ratio
AU$38.24m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$537.57k |
| Equity | AU$3.69m |
| Total liabilities | AU$53.96m |
| Total assets | AU$57.65m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PNM's short term assets (A$4.1M) do not cover its short term liabilities (A$39.6M).
Long Term Liabilities: PNM's short term assets (A$4.1M) do not cover its long term liabilities (A$14.3M).
Debt to Equity History and Analysis
Debt Level: PNM's net debt to equity ratio (1022.5%) is considered high.
Reducing Debt: PNM's debt to equity ratio has increased from 1013.7% to 1037% 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 59.7% each year