NeXGold Mining Balance Sheet Health
Financial Health criteria checks 3/6
NeXGold Mining has a total shareholder equity of CA$96.1M and total debt of CA$16.3M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are CA$114.1M and CA$18.0M respectively.
Key information
17.0%
Debt to equity ratio
CA$16.34m
Debt
Interest coverage ratio | n/a |
Cash | CA$6.30m |
Equity | CA$96.14m |
Total liabilities | CA$18.00m |
Total assets | CA$114.14m |
Recent financial health updates
Treasury Metals (TSE:TML) Is Making Moderate Use Of Debt
Apr 03Is Treasury Metals (TSE:TML) Weighed On By Its Debt Load?
Aug 21Is Treasury Metals (TSE:TML) Using Too Much Debt?
Mar 03Health Check: How Prudently Does Treasury Metals (TSE:TML) Use Debt?
Nov 05Is Treasury Metals (TSE:TML) A Risky Investment?
Jul 17Recent updates
Treasury Metals (TSE:TML) Is Making Moderate Use Of Debt
Apr 03Is Treasury Metals (TSE:TML) Weighed On By Its Debt Load?
Aug 21Is Treasury Metals (TSE:TML) Using Too Much Debt?
Mar 03Health Check: How Prudently Does Treasury Metals (TSE:TML) Use Debt?
Nov 05Is Treasury Metals (TSE:TML) A Risky Investment?
Jul 17Financial Position Analysis
Short Term Liabilities: NEXG's short term assets (CA$8.2M) do not cover its short term liabilities (CA$9.7M).
Long Term Liabilities: NEXG's short term assets (CA$8.2M) do not cover its long term liabilities (CA$8.3M).
Debt to Equity History and Analysis
Debt Level: NEXG's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: NEXG's debt to equity ratio has increased from 6.2% to 17% 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: NEXG has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NEXG is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.