Nine Mile Metals Balance Sheet Health
Financial Health criteria checks 5/6
Nine Mile Metals has a total shareholder equity of CA$5.0M and total debt of CA$180.4K, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are CA$5.5M and CA$428.2K respectively.
Key information
3.6%
Debt to equity ratio
CA$180.40k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$806.75k |
| Equity | CA$5.05m |
| Total liabilities | CA$428.22k |
| Total assets | CA$5.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KQ9's short term assets (CA$870.5K) exceed its short term liabilities (CA$428.2K).
Long Term Liabilities: KQ9 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: KQ9 has more cash than its total debt.
Reducing Debt: KQ9's debt to equity ratio has increased from 0% to 3.6% over the 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: KQ9 has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: KQ9 is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.