NorthX Nickel Balance Sheet Health
Financial Health criteria checks 4/6
NorthX Nickel has a total shareholder equity of CA$38.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$41.4M and CA$2.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.38m |
| Equity | CA$38.60m |
| Total liabilities | CA$2.80m |
| Total assets | CA$41.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIX's short term assets (CA$2.5M) exceed its short term liabilities (CA$696.2K).
Long Term Liabilities: NIX's short term assets (CA$2.5M) exceed 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NIX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 52.9% each year