EV Nickel Balance Sheet Health
Financial Health criteria checks 6/6
EV Nickel has a total shareholder equity of CA$4.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.5M and CA$1.8M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.11m |
| Equity | CA$4.74m |
| Total liabilities | CA$1.79m |
| Total assets | CA$6.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JR1's short term assets (CA$6.5M) exceed its short term liabilities (CA$1.8M).
Long Term Liabilities: JR1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: JR1 is debt free.
Reducing Debt: JR1 has not had any debt for past 5 years.
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: JR1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: JR1 has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 5.7% each year.