Noble Iron Balance Sheet Health
Financial Health criteria checks 6/6
Noble Iron has a total shareholder equity of CA$982.2K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$1.3M and CA$301.7K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.23m |
| Equity | CA$982.17k |
| Total liabilities | CA$301.70k |
| Total assets | CA$1.28m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NIR.H's short term assets (CA$1.3M) exceed its short term liabilities (CA$301.7K).
Long Term Liabilities: NIR.H's short term assets (CA$1.3M) exceed its long term liabilities (CA$30.0).
Debt to Equity History and Analysis
Debt Level: NIR.H is debt free.
Reducing Debt: NIR.H had no debt 5 years ago.
Debt Coverage: NIR.H has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NIR.H has no debt, therefore coverage of interest payments is not a concern.