NeXGold Mining Balance Sheet Health
Financial Health criteria checks 5/6
NeXGold Mining has a total shareholder equity of CA$116.5M and total debt of CA$16.5M, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are CA$137.6M and CA$21.1M respectively.
Key information
14.2%
Debt to equity ratio
CA$16.49m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$10.80m |
| Equity | CA$116.48m |
| Total liabilities | CA$21.11m |
| Total assets | CA$137.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRC's short term assets (CA$12.7M) exceed its short term liabilities (CA$11.0M).
Long Term Liabilities: TRC's short term assets (CA$12.7M) exceed its long term liabilities (CA$10.2M).
Debt to Equity History and Analysis
Debt Level: TRC's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: TRC's debt to equity ratio has increased from 6.3% to 14.2% 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: TRC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: TRC is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.