New Energy Metals Balance Sheet Health

Financial Health criteria checks 5/6

New Energy Metals has a total shareholder equity of CA$83.5K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$297.9K and CA$214.5K respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$70.11k
EquityCA$83.47k
Total liabilitiesCA$214.48k
Total assetsCA$297.95k

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 2J8's short term assets (CA$103.4K) do not cover its short term liabilities (CA$214.5K).

Long Term Liabilities: 2J8 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 2J8 is debt free.

Reducing Debt: 2J8 had no debt 5 years ago.


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: 2J8 has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: 2J8 is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Discover healthy companies