NEXE Innovations Balance Sheet Health
Financial Health criteria checks 6/6
NEXE Innovations has a total shareholder equity of CA$36.0M and total debt of CA$575.1K, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CA$38.7M and CA$2.7M respectively.
Key information
1.6%
Debt to equity ratio
CA$575.07k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$15.61m |
| Equity | CA$36.02m |
| Total liabilities | CA$2.70m |
| Total assets | CA$38.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEXE's short term assets (CA$18.1M) exceed its short term liabilities (CA$2.5M).
Long Term Liabilities: NEXE's short term assets (CA$18.1M) exceed its long term liabilities (CA$159.4K).
Debt to Equity History and Analysis
Debt Level: NEXE has more cash than its total debt.
Reducing Debt: NEXE's debt to equity ratio has reduced from 25.3% to 1.6% 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: NEXE has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NEXE has sufficient cash runway for 2.3 years if free cash flow continues to grow at historical rates of 0.2% each year.