Newport Exploration Balance Sheet Health
Financial Health criteria checks 6/6
Newport Exploration has a total shareholder equity of CA$2.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.9M and CA$107.9K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$1.84m |
Equity | CA$2.80m |
Total liabilities | CA$107.90k |
Total assets | CA$2.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NWX's short term assets (CA$2.8M) exceed its short term liabilities (CA$96.6K).
Long Term Liabilities: NWX's short term assets (CA$2.8M) exceed its long term liabilities (CA$11.3K).
Debt to Equity History and Analysis
Debt Level: NWX is debt free.
Reducing Debt: NWX has not had any debt for past 5 years.
Debt Coverage: NWX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NWX has no debt, therefore coverage of interest payments is not a concern.