NXT Energy Solutions Balance Sheet Health
Financial Health criteria checks 2/6
NXT Energy Solutions has a total shareholder equity of CA$8.5M and total debt of CA$4.2M, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are CA$15.2M and CA$6.6M respectively.
Key information
48.9%
Debt to equity ratio
CA$4.18m
Debt
Interest coverage ratio | n/a |
Cash | CA$401.71k |
Equity | CA$8.55m |
Total liabilities | CA$6.64m |
Total assets | CA$15.18m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SFD's short term assets (CA$2.3M) do not cover its short term liabilities (CA$4.1M).
Long Term Liabilities: SFD's short term assets (CA$2.3M) do not cover its long term liabilities (CA$2.5M).
Debt to Equity History and Analysis
Debt Level: SFD's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: SFD's debt to equity ratio has increased from 0% to 48.9% 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: SFD has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SFD is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.