Northern Graphite Balance Sheet Health
Financial Health criteria checks 1/6
Northern Graphite has a total shareholder equity of CA$23.5M and total debt of CA$17.5M, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are CA$96.3M and CA$72.7M respectively.
Key information
74.5%
Debt to equity ratio
CA$17.55m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.78m |
| Equity | CA$23.54m |
| Total liabilities | CA$72.74m |
| Total assets | CA$96.28m |
Recent financial health updates
Is Northern Graphite (CVE:NGC) Using Too Much Debt?
Dec 22
Is Northern Graphite (CVE:NGC) Using Debt Sensibly?
May 16Here's Why We're Not At All Concerned With Northern Graphite's (CVE:NGC) Cash Burn Situation
Sep 09Companies Like Northern Graphite (CVE:NGC) Can Afford To Invest In Growth
May 27Recent updates
Some Confidence Is Lacking In Northern Graphite Corporation's (CVE:NGC) P/S
Feb 16Is Northern Graphite (CVE:NGC) Using Too Much Debt?
Dec 22Some Northern Graphite Corporation (CVE:NGC) Shareholders Look For Exit As Shares Take 25% Pounding
Oct 04Is Northern Graphite (CVE:NGC) Using Debt Sensibly?
May 16Here's Why We're Not At All Concerned With Northern Graphite's (CVE:NGC) Cash Burn Situation
Sep 09Companies Like Northern Graphite (CVE:NGC) Can Afford To Invest In Growth
May 27Financial Position Analysis
Short Term Liabilities: NGC's short term assets (CA$30.2M) exceed its short term liabilities (CA$13.2M).
Long Term Liabilities: NGC's short term assets (CA$30.2M) do not cover its long term liabilities (CA$59.5M).
Debt to Equity History and Analysis
Debt Level: NGC's net debt to equity ratio (62.7%) is considered high.
Reducing Debt: NGC's debt to equity ratio has increased from 0% to 74.5% 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: NGC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NGC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 54.4% each year