NV Gold Balance Sheet Health
Financial Health criteria checks 4/6
NV Gold has a total shareholder equity of CA$3.0M and total debt of CA$591.4K, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are CA$3.6M and CA$600.9K respectively.
Key information
19.8%
Debt to equity ratio
CA$591.39k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$105.38k |
| Equity | CA$2.98m |
| Total liabilities | CA$600.94k |
| Total assets | CA$3.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVX's short term assets (CA$121.1K) do not cover its short term liabilities (CA$600.9K).
Long Term Liabilities: NVX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NVX's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: NVX's debt to equity ratio has increased from 0% to 19.8% 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: NVX has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NVX is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.