New Age Metals Balance Sheet Health
Financial Health criteria checks 6/6
New Age Metals has a total shareholder equity of CA$13.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$13.7M and CA$391.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.63m |
| Equity | CA$13.29m |
| Total liabilities | CA$391.71k |
| Total assets | CA$13.68m |
Financial Position Analysis
Short Term Liabilities: NAM's short term assets (CA$3.8M) exceed its short term liabilities (CA$318.7K).
Long Term Liabilities: NAM's short term assets (CA$3.8M) exceed its long term liabilities (CA$73.0K).
Debt to Equity History and Analysis
Debt Level: NAM is debt free.
Reducing Debt: NAM 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: NAM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NAM has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 7% each year.