NEXE Innovations Balance Sheet Health
Financial Health criteria checks 5/6
NEXE Innovations has a total shareholder equity of CA$35.2M and total debt of CA$752.2K, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CA$38.0M and CA$2.8M respectively.
Key information
2.1%
Debt to equity ratio
CA$752.19k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$11.92m |
| Equity | CA$35.20m |
| Total liabilities | CA$2.83m |
| Total assets | CA$38.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NX5's short term assets (CA$17.0M) exceed its short term liabilities (CA$2.5M).
Long Term Liabilities: NX5's short term assets (CA$17.0M) exceed its long term liabilities (CA$378.3K).
Debt to Equity History and Analysis
Debt Level: NX5 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NX5'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: NX5 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NX5 has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 9.9% each year.