NorthX Nickel Balance Sheet Health
Financial Health criteria checks 5/6
NorthX Nickel has a total shareholder equity of CA$36.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$40.0M and CA$3.2M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$1.18m |
Equity | CA$36.85m |
Total liabilities | CA$3.16m |
Total assets | CA$40.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIX's short term assets (CA$1.4M) exceed its short term liabilities (CA$1.1M).
Long Term Liabilities: NIX's short term assets (CA$1.4M) do not cover its long term liabilities (CA$2.1M).
Debt to Equity History and Analysis
Debt Level: NIX is debt free.
Reducing Debt: NIX has not had any debt for 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: NIX has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NIX is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.