Noram Lithium Balance Sheet Health
Financial Health criteria checks 4/6
Noram Lithium has a total shareholder equity of CA$6.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.0M and CA$366.6K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.38m |
| Equity | CA$6.60m |
| Total liabilities | CA$366.57k |
| Total assets | CA$6.96m |
Recent financial health updates
Noram Lithium (CVE:NRM) Will Have To Spend Its Cash Wisely
Jan 11
Companies Like Noram Lithium (CVE:NRM) Are In A Position To Invest In Growth
Sep 28Will Noram Lithium (CVE:NRM) Spend Its Cash Wisely?
Dec 16We're Keeping An Eye On Noram Lithium's (CVE:NRM) Cash Burn Rate
Sep 01We Think Noram Ventures (CVE:NRM) Can Afford To Drive Business Growth
Jan 01Recent updates
Noram Lithium (CVE:NRM) Will Have To Spend Its Cash Wisely
Jan 11Companies Like Noram Lithium (CVE:NRM) Are In A Position To Invest In Growth
Sep 28Will Noram Lithium (CVE:NRM) Spend Its Cash Wisely?
Dec 16We're Keeping An Eye On Noram Lithium's (CVE:NRM) Cash Burn Rate
Sep 01We Think Noram Ventures (CVE:NRM) Can Afford To Drive Business Growth
Jan 01Financial Position Analysis
Short Term Liabilities: NRM's short term assets (CA$1.7M) exceed its short term liabilities (CA$366.6K).
Long Term Liabilities: NRM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NRM is debt free.
Reducing Debt: NRM had no debt 5 years ago.
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: NRM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NRM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 41.2% each year