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 ratio | n/a |
Cash | AU$6.75m |
Equity | AU$17.43m |
Total liabilities | AU$39.69m |
Total assets | AU$57.12m |
Recent financial health updates
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