Norsemont Mining Balance Sheet Health
Financial Health criteria checks 2/6
Norsemont Mining has a total shareholder equity of CA$22.4M and total debt of CA$1.3M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are CA$27.5M and CA$5.0M respectively.
Key information
5.8%
Debt to equity ratio
CA$1.30m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.55k |
| Equity | CA$22.45m |
| Total liabilities | CA$5.04m |
| Total assets | CA$27.49m |
Financial Position Analysis
Short Term Liabilities: NOM's short term assets (CA$10.6K) do not cover its short term liabilities (CA$5.0M).
Long Term Liabilities: NOM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NOM's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: NOM's debt to equity ratio has increased from 0% to 5.8% 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: NOM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NOM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.6% each year