Nine Mile Metals Balance Sheet Health
Financial Health criteria checks 5/6
Nine Mile Metals has a total shareholder equity of CA$5.3M and total debt of CA$170.7K, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are CA$5.9M and CA$572.3K respectively.
Key information
3.2%
Debt to equity ratio
CA$170.66k
Debt
Interest coverage ratio | n/a |
Cash | CA$1.29m |
Equity | CA$5.30m |
Total liabilities | CA$572.27k |
Total assets | CA$5.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NINE's short term assets (CA$1.4M) exceed its short term liabilities (CA$572.3K).
Long Term Liabilities: NINE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NINE has more cash than its total debt.
Reducing Debt: NINE's debt to equity ratio has increased from 0% to 3.2% 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: NINE has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NINE is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.