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Nexus Gold Balance Sheet Health
Financial Health criteria checks 2/6
Key information
7.1%
Debt to equity ratio
CA$440.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$204.71k |
Equity | CA$6.16m |
Total liabilities | CA$1.03m |
Total assets | CA$7.19m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N6E1's short term assets (CA$521.1K) do not cover its short term liabilities (CA$994.6K).
Long Term Liabilities: N6E1's short term assets (CA$521.1K) exceed its long term liabilities (CA$34.3K).
Debt to Equity History and Analysis
Debt Level: N6E1's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if N6E1's debt to equity ratio has reduced 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: N6E1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: N6E1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.9% each year