NG Energy International Corp.

TSXV:GASX Stock Report

Market Cap: CA$234.2m

NG Energy International Balance Sheet Health

Financial Health criteria checks 2/6

NG Energy International has a total shareholder equity of $30.4M and total debt of $38.8M, which brings its debt-to-equity ratio to 127.6%. Its total assets and total liabilities are $105.4M and $75.0M respectively.

Key information

127.6%

Debt to equity ratio

US$38.82m

Debt

Interest coverage ration/a
CashUS$2.45m
EquityUS$30.42m
Total liabilitiesUS$75.01m
Total assetsUS$105.42m

Recent financial health updates

Recent updates

NG Energy International Corp. (CVE:GASX) Stocks Shoot Up 28% But Its P/S Still Looks Reasonable

Jun 29
NG Energy International Corp. (CVE:GASX) Stocks Shoot Up 28% But Its P/S Still Looks Reasonable

Does NG Energy International (CVE:GASX) Have A Healthy Balance Sheet?

Aug 18
Does NG Energy International (CVE:GASX) Have A Healthy Balance Sheet?

Financial Position Analysis

Short Term Liabilities: GASX's short term assets ($10.4M) do not cover its short term liabilities ($29.1M).

Long Term Liabilities: GASX's short term assets ($10.4M) do not cover its long term liabilities ($45.9M).


Debt to Equity History and Analysis

Debt Level: GASX's net debt to equity ratio (119.6%) is considered high.

Reducing Debt: GASX's debt to equity ratio has increased from 22.4% to 127.6% 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: GASX has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GASX is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


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