Nine Mile Metals Balance Sheet Health

Financial Health criteria checks 5/6

Nine Mile Metals has a total shareholder equity of CA$5.0M and total debt of CA$180.4K, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are CA$5.5M and CA$428.2K respectively.

Key information

3.6%

Debt to equity ratio

CA$180.40k

Debt

Interest coverage ration/a
CashCA$806.75k
EquityCA$5.05m
Total liabilitiesCA$428.22k
Total assetsCA$5.47m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: NINE's short term assets (CA$870.5K) exceed its short term liabilities (CA$428.2K).

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 3.6% 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: NINE has sufficient cash runway for 5 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 4 months based on free cash flow estimates, but has since raised additional capital.


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