Nio Strategic Metals Balance Sheet Health
Financial Health criteria checks 6/6
Nio Strategic Metals has a total shareholder equity of CA$1.3M and total debt of CA$500.0K, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are CA$1.9M and CA$605.4K respectively.
Key information
38.4%
Debt to equity ratio
CA$500.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$1.30m |
Equity | CA$1.30m |
Total liabilities | CA$605.40k |
Total assets | CA$1.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIO's short term assets (CA$1.4M) exceed its short term liabilities (CA$605.4K).
Long Term Liabilities: NIO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NIO has more cash than its total debt.
Reducing Debt: NIO 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: NIO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NIO has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 17% each year.