NEO Battery Materials Balance Sheet Health
Financial Health criteria checks 6/6
NEO Battery Materials has a total shareholder equity of CA$4.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$5.2M and CA$568.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.53m |
| Equity | CA$4.62m |
| Total liabilities | CA$568.53k |
| Total assets | CA$5.19m |
Financial Position Analysis
Short Term Liabilities: NBM's short term assets (CA$3.7M) exceed its short term liabilities (CA$552.2K).
Long Term Liabilities: NBM's short term assets (CA$3.7M) exceed its long term liabilities (CA$16.3K).
Debt to Equity History and Analysis
Debt Level: NBM is debt free.
Reducing Debt: NBM had no debt 5 years ago.
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: NBM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NBM has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 27% each year.