CaNickel Mining Balance Sheet Health

Financial Health criteria checks 0/6

CaNickel Mining has a total shareholder equity of CA$-116.7M and total debt of CA$109.8M, which brings its debt-to-equity ratio to -94.1%. Its total assets and total liabilities are CA$6.2M and CA$122.9M respectively.

Key information

-94.1%

Debt to equity ratio

CA$109.78m

Debt

Interest coverage ration/a
CashCA$265.43k
Equity-CA$116.70m
Total liabilitiesCA$122.88m
Total assetsCA$6.18m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CMID has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CMID has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CMID has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CMID's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: CMID has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CMID has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27.4% each year


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