First Nordic Metals Balance Sheet Health
Financial Health criteria checks 4/6
First Nordic Metals has a total shareholder equity of CA$44.9K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$503.1K and CA$458.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$128.24k |
| Equity | CA$44.91k |
| Total liabilities | CA$458.19k |
| Total assets | CA$503.10k |
Recent financial health updates
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Aug 03Recent updates
We're Hopeful That Barsele Minerals (CVE:BME) Will Use Its Cash Wisely
Mar 14Companies Like Barsele Minerals (CVE:BME) Are In A Position To Invest In Growth
Nov 22Will Barsele Minerals (CVE:BME) Spend Its Cash Wisely?
Nov 16Companies Like Barsele Minerals (CVE:BME) Are In A Position To Invest In Growth
Aug 03Financial Position Analysis
Short Term Liabilities: FNM's short term assets (CA$503.1K) exceed its short term liabilities (CA$458.2K).
Long Term Liabilities: FNM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: FNM is debt free.
Reducing Debt: FNM has not had any debt for 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: FNM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FNM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.7% each year