Nova Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Nova Minerals has a total shareholder equity of A$98.4M and total debt of A$6.7M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are A$107.2M and A$8.9M respectively.
Key information
6.8%
Debt to equity ratio
AU$6.67m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$3.15m |
| Equity | AU$98.38m |
| Total liabilities | AU$8.86m |
| Total assets | AU$107.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QM3's short term assets (A$3.5M) exceed its short term liabilities (A$3.2M).
Long Term Liabilities: QM3's short term assets (A$3.5M) do not cover its long term liabilities (A$5.7M).
Debt to Equity History and Analysis
Debt Level: QM3's net debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: QM3's debt to equity ratio has increased from 0% to 6.8% 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: QM3 has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if QM3 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.