Norsemont Mining Balance Sheet Health
Financial Health criteria checks 4/6
Norsemont Mining has a total shareholder equity of CA$14.6M and total debt of CA$6.8M, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are CA$43.8M and CA$29.2M respectively.
Key information
46.76%
Debt to equity ratio
CA$6.84m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$16.08m |
| Equity | CA$14.63m |
| Total liabilities | CA$29.20m |
| Total assets | CA$43.82m |
Recent financial health updates
Is Norsemont Mining (CSE:NOM) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is Norsemont Mining (CSE:NOM) In A Good Position To Deliver On Growth Plans?
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...Norsemont Mining (CSE:NOM) Will Have To Spend Its Cash Wisely
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Here's Why Norsemont Mining (CSE:NOM) Must Use Its Cash Wisely
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...Recent updates
Financial Position Analysis
Short Term Liabilities: NOM's short term assets (CA$16.2M) exceed its short term liabilities (CA$4.5M).
Long Term Liabilities: NOM's short term assets (CA$16.2M) do not cover its long term liabilities (CA$24.7M).
Debt to Equity History and Analysis
Debt Level: NOM has more cash than its total debt.
Reducing Debt: NOM's debt to equity ratio has increased from 0% to 46.8% 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 sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NOM has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 14% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 06:40 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Norsemont Mining Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.