Nicola Mining Balance Sheet Health
Financial Health criteria checks 5/6
Nicola Mining has a total shareholder equity of CA$4.5M and total debt of CA$4.5M, which brings its debt-to-equity ratio to 99.3%. Its total assets and total liabilities are CA$25.1M and CA$20.6M respectively.
Key information
99.3%
Debt to equity ratio
CA$4.49m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.06m |
| Equity | CA$4.52m |
| Total liabilities | CA$20.58m |
| Total assets | CA$25.10m |
Financial Position Analysis
Short Term Liabilities: NIM's short term assets (CA$4.9M) exceed its short term liabilities (CA$1.4M).
Long Term Liabilities: NIM's short term assets (CA$4.9M) do not cover its long term liabilities (CA$19.2M).
Debt to Equity History and Analysis
Debt Level: NIM's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: NIM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable NIM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NIM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49% per year.