NGEx Minerals Balance Sheet Health
Financial Health criteria checks 6/6
NGEx Minerals has a total shareholder equity of CA$48.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$54.0M and CA$5.9M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$44.08m |
| Equity | CA$48.08m |
| Total liabilities | CA$5.88m |
| Total assets | CA$53.96m |
Recent financial health updates
Companies Like NGEx Minerals (TSE:NGEX) Are In A Position To Invest In Growth
Aug 21
We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth
Apr 17We're Hopeful That NGEx Minerals (CVE:NGEX) Will Use Its Cash Wisely
Dec 21Is NGEx Minerals (CVE:NGEX) In A Good Position To Deliver On Growth Plans?
Apr 08NGEx Minerals (CVE:NGEX) Is In A Good Position To Deliver On Growth Plans
Jul 07Would NGEx Minerals (CVE:NGEX) Be Better Off With Less Debt?
Mar 24Recent updates
Companies Like NGEx Minerals (TSE:NGEX) Are In A Position To Invest In Growth
Aug 21We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth
Apr 17We're Hopeful That NGEx Minerals (CVE:NGEX) Will Use Its Cash Wisely
Dec 21Is NGEx Minerals (CVE:NGEX) In A Good Position To Deliver On Growth Plans?
Apr 08NGEx Minerals (CVE:NGEX) Is In A Good Position To Deliver On Growth Plans
Jul 07Would NGEx Minerals (CVE:NGEX) Be Better Off With Less Debt?
Mar 24NGEx Minerals (CVE:NGEX) Is Making Moderate Use Of Debt
Dec 08Financial Position Analysis
Short Term Liabilities: NGEX's short term assets (CA$46.8M) exceed its short term liabilities (CA$5.2M).
Long Term Liabilities: NGEX's short term assets (CA$46.8M) exceed its long term liabilities (CA$647.8K).
Debt to Equity History and Analysis
Debt Level: NGEX is debt free.
Reducing Debt: NGEX had no debt 5 years ago.
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: NGEX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NGEX is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.