Nickel 28 Capital Balance Sheet Health
Financial Health criteria checks 1/6
Nickel 28 Capital has a total shareholder equity of $85.9M and total debt of $45.2M, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are $141.9M and $56.0M respectively.
Key information
52.7%
Debt to equity ratio
US$45.22m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.37m |
| Equity | US$85.87m |
| Total liabilities | US$56.03m |
| Total assets | US$141.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3JC0's short term assets ($7.9M) do not cover its short term liabilities ($9.3M).
Long Term Liabilities: 3JC0's short term assets ($7.9M) do not cover its long term liabilities ($46.7M).
Debt to Equity History and Analysis
Debt Level: 3JC0's net debt to equity ratio (44.1%) is considered high.
Reducing Debt: 3JC0's debt to equity ratio has reduced from 130.8% to 52.7% over the past 5 years.
Debt Coverage: 3JC0's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 3JC0's interest payments on its debt are well covered by EBIT.