Nagambie Resources Balance Sheet Health
Financial Health criteria checks 2/6
Nagambie Resources has a total shareholder equity of A$15.4M and total debt of A$4.6M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are A$23.4M and A$8.0M respectively.
Key information
29.8%
Debt to equity ratio
AU$4.58m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$437.72k |
| Equity | AU$15.36m |
| Total liabilities | AU$8.01m |
| Total assets | AU$23.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NAG's short term assets (A$483.9K) do not cover its short term liabilities (A$1.4M).
Long Term Liabilities: NAG's short term assets (A$483.9K) do not cover its long term liabilities (A$6.6M).
Debt to Equity History and Analysis
Debt Level: NAG's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: NAG's debt to equity ratio has reduced from 50.2% to 29.8% 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: NAG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NAG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.3% each year