Nicox Balance Sheet Health
Financial Health criteria checks 2/6
Nicox has a total shareholder equity of €45.5M and total debt of €20.4M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are €82.3M and €36.8M respectively.
Key information
44.8%
Debt to equity ratio
€20.38m
Debt
| Interest coverage ratio | n/a |
| Cash | €19.01m |
| Equity | €45.53m |
| Total liabilities | €36.75m |
| Total assets | €82.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXOA's short term assets (€23.8M) exceed its short term liabilities (€9.2M).
Long Term Liabilities: NXOA's short term assets (€23.8M) do not cover its long term liabilities (€27.5M).
Debt to Equity History and Analysis
Debt Level: NXOA's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: NXOA's debt to equity ratio has increased from 0% to 44.8% 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: Insufficient data to determine if NXOA has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NXOA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.