Canada Nickel Balance Sheet Health
Financial Health criteria checks 3/6
Canada Nickel has a total shareholder equity of CA$201.5M and total debt of CA$20.5M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are CA$254.1M and CA$52.6M respectively.
Key information
10.2%
Debt to equity ratio
CA$20.47m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$25.43m |
| Equity | CA$201.48m |
| Total liabilities | CA$52.58m |
| Total assets | CA$254.06m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CNC's short term assets (CA$30.9M) do not cover its short term liabilities (CA$48.3M).
Long Term Liabilities: CNC's short term assets (CA$30.9M) exceed its long term liabilities (CA$4.2M).
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CNC has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 25.1% each year.