Nighthawk Gold Balance Sheet Health

Financial Health criteria checks 6/6

Nighthawk Gold has a total shareholder equity of CA$26.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$33.4M and CA$6.9M respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$12.75m
EquityCA$26.44m
Total liabilitiesCA$6.93m
Total assetsCA$33.37m

Recent financial health updates

Recent updates

Is Nighthawk Gold (TSE:NHK) In A Good Position To Invest In Growth?

Apr 04
Is Nighthawk Gold (TSE:NHK) In A Good Position To Invest In Growth?

Here's Why We're A Bit Worried About Nighthawk Gold's (TSE:NHK) Cash Burn Situation

Dec 05
Here's Why We're A Bit Worried About Nighthawk Gold's (TSE:NHK) Cash Burn Situation

Here's Why We're A Bit Worried About Nighthawk Gold's (TSE:NHK) Cash Burn Situation

Aug 21
Here's Why We're A Bit Worried About Nighthawk Gold's (TSE:NHK) Cash Burn Situation

We're A Little Worried About Nighthawk Gold's (TSE:NHK) Cash Burn Rate

Nov 21
We're A Little Worried About Nighthawk Gold's (TSE:NHK) Cash Burn Rate

We Think Nighthawk Gold (TSE:NHK) Needs To Drive Business Growth Carefully

Mar 03
We Think Nighthawk Gold (TSE:NHK) Needs To Drive Business Growth Carefully

Here's Why We're Watching Nighthawk Gold's (TSE:NHK) Cash Burn Situation

Nov 18
Here's Why We're Watching Nighthawk Gold's (TSE:NHK) Cash Burn Situation

Financial Position Analysis

Short Term Liabilities: NHK's short term assets (CA$14.6M) exceed its short term liabilities (CA$1.7M).

Long Term Liabilities: NHK's short term assets (CA$14.6M) exceed its long term liabilities (CA$5.2M).


Debt to Equity History and Analysis

Debt Level: NHK is debt free.

Reducing Debt: NHK 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: NHK has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: NHK is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.


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