New Energy Metals Balance Sheet Health
Financial Health criteria checks 5/6
New Energy Metals has a total shareholder equity of CA$116.0K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$315.1K and CA$199.1K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$88.71k |
Equity | CA$116.03k |
Total liabilities | CA$199.08k |
Total assets | CA$315.12k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2J8's short term assets (CA$104.6K) do not cover its short term liabilities (CA$199.1K).
Long Term Liabilities: 2J8 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 2J8 is debt free.
Reducing Debt: 2J8 has no debt compared to 5 years ago when its debt to equity ratio was 1.2%.
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.