Newlox Gold Ventures Balance Sheet Health
Financial Health criteria checks 1/6
Newlox Gold Ventures has a total shareholder equity of CA$3.6M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 94.5%. Its total assets and total liabilities are CA$8.2M and CA$4.6M respectively.
Key information
94.5%
Debt to equity ratio
CA$3.38m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$810.43k |
| Equity | CA$3.58m |
| Total liabilities | CA$4.62m |
| Total assets | CA$8.20m |
Recent financial health updates
Newlox Gold Ventures (FRA:NGO) Is Making Moderate Use Of Debt
Mar 03
Newlox Gold Ventures (FRA:NGO) Is Carrying A Fair Bit Of Debt
May 18Newlox Gold Ventures (FRA:NGO) Has Debt But No Earnings; Should You Worry?
Jan 19Is Newlox Gold Ventures (FRA:NGO) Using Debt In A Risky Way?
Sep 30Despite Lacking Profits Newlox Gold Ventures (FRA:NGO) Seems To Be On Top Of Its Debt
Jun 17Here's Why Newlox Gold Ventures (FRA:NGO) Can Afford Some Debt
Nov 06Recent updates
Newlox Gold Ventures (FRA:NGO) Is Making Moderate Use Of Debt
Mar 03Newlox Gold Ventures (FRA:NGO) Is Carrying A Fair Bit Of Debt
May 18Newlox Gold Ventures (FRA:NGO) Has Debt But No Earnings; Should You Worry?
Jan 19Is Newlox Gold Ventures (FRA:NGO) Using Debt In A Risky Way?
Sep 30Despite Lacking Profits Newlox Gold Ventures (FRA:NGO) Seems To Be On Top Of Its Debt
Jun 17Here's Why Newlox Gold Ventures (FRA:NGO) Can Afford Some Debt
Nov 06Financial Position Analysis
Short Term Liabilities: NGO's short term assets (CA$1.0M) do not cover its short term liabilities (CA$2.8M).
Long Term Liabilities: NGO's short term assets (CA$1.0M) do not cover its long term liabilities (CA$1.8M).
Debt to Equity History and Analysis
Debt Level: NGO's net debt to equity ratio (71.8%) is considered high.
Reducing Debt: NGO 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: Insufficient data to determine if NGO has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NGO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.