NG Energy International Balance Sheet Health
Financial Health criteria checks 2/6
NG Energy International has a total shareholder equity of $14.2M and total debt of $55.7M, which brings its debt-to-equity ratio to 391.9%. Its total assets and total liabilities are $102.6M and $88.4M respectively.
Key information
391.9%
Debt to equity ratio
US$55.65m
Debt
| Interest coverage ratio | n/a |
| Cash | US$12.00m |
| Equity | US$14.20m |
| Total liabilities | US$88.41m |
| Total assets | US$102.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 56P's short term assets ($18.1M) exceed its short term liabilities ($11.3M).
Long Term Liabilities: 56P's short term assets ($18.1M) do not cover its long term liabilities ($77.1M).
Debt to Equity History and Analysis
Debt Level: 56P's net debt to equity ratio (307.4%) is considered high.
Reducing Debt: 56P's debt to equity ratio has increased from 0% to 391.9% 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: 56P has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if 56P has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.