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 ratio | n/a |
Cash | US$2.45m |
Equity | US$30.42m |
Total liabilities | US$75.01m |
Total assets | US$105.42m |
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.