Northern Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Northern Minerals has a total shareholder equity of A$3.0M and total debt of A$14.0M, which brings its debt-to-equity ratio to 473.7%. Its total assets and total liabilities are A$31.5M and A$28.5M respectively.
Key information
473.7%
Debt to equity ratio
AU$14.04m
Debt
Interest coverage ratio | n/a |
Cash | AU$24.32m |
Equity | AU$2.96m |
Total liabilities | AU$28.53m |
Total assets | AU$31.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTU's short term assets (A$26.0M) exceed its short term liabilities (A$23.1M).
Long Term Liabilities: NTU's short term assets (A$26.0M) exceed its long term liabilities (A$5.4M).
Debt to Equity History and Analysis
Debt Level: NTU has more cash than its total debt.
Reducing Debt: NTU's debt to equity ratio has increased from 141.7% to 473.7% 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: NTU has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NTU has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 21.5% each year.