Nicola Mining Balance Sheet Health
Financial Health criteria checks 4/6
Nicola Mining has a total shareholder equity of CA$6.3M and total debt of CA$4.2M, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are CA$25.7M and CA$19.4M respectively.
Key information
67.5%
Debt to equity ratio
CA$4.24m
Debt
Interest coverage ratio | n/a |
Cash | CA$4.76m |
Equity | CA$6.28m |
Total liabilities | CA$19.44m |
Total assets | CA$25.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HLIA's short term assets (CA$5.4M) exceed its short term liabilities (CA$698.6K).
Long Term Liabilities: HLIA's short term assets (CA$5.4M) do not cover its long term liabilities (CA$18.7M).
Debt to Equity History and Analysis
Debt Level: HLIA has more cash than its total debt.
Reducing Debt: HLIA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: HLIA's debt is well covered by operating cash flow (91.4%).
Interest Coverage: Insufficient data to determine if HLIA's interest payments on its debt are well covered by EBIT.