Canada Nickel Balance Sheet Health
Financial Health criteria checks 5/6
Canada Nickel has a total shareholder equity of CA$174.6M and total debt of CA$17.2M, which brings its debt-to-equity ratio to 9.8%. Its total assets and total liabilities are CA$218.4M and CA$43.8M respectively.
Key information
9.8%
Debt to equity ratio
CA$17.17m
Debt
Interest coverage ratio | n/a |
Cash | CA$42.69m |
Equity | CA$174.61m |
Total liabilities | CA$43.78m |
Total assets | CA$218.39m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CNC's short term assets (CA$44.4M) exceed its short term liabilities (CA$38.1M).
Long Term Liabilities: CNC's short term assets (CA$44.4M) exceed its long term liabilities (CA$5.7M).
Debt to Equity History and Analysis
Debt Level: CNC has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CNC's debt to equity ratio has reduced 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: CNC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CNC has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 30.3% each year.