NGEx Minerals Balance Sheet Health
Financial Health criteria checks 6/6
NGEx Minerals has a total shareholder equity of CA$73.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$81.3M and CA$7.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$74.73m |
| Equity | CA$73.47m |
| Total liabilities | CA$7.82m |
| Total assets | CA$81.29m |
Recent financial health updates
We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth
Apr 17
We'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 08Recent updates
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 24NGEx Minerals (CVE:NGEX) Is Making Moderate Use Of Debt
Dec 08Financial Position Analysis
Short Term Liabilities: NGEX's short term assets (CA$76.9M) exceed its short term liabilities (CA$7.2M).
Long Term Liabilities: NGEX's short term assets (CA$76.9M) exceed its long term liabilities (CA$634.7K).
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 has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 42.5% each year.