Nordic Mining Balance Sheet Health
Financial Health criteria checks 2/6
Nordic Mining has a total shareholder equity of NOK1.5B and total debt of NOK1.4B, which brings its debt-to-equity ratio to 92.9%. Its total assets and total liabilities are NOK3.1B and NOK1.6B respectively.
Key information
92.9%
Debt to equity ratio
kr1.42b
Debt
Interest coverage ratio | n/a |
Cash | kr634.98m |
Equity | kr1.53b |
Total liabilities | kr1.60b |
Total assets | kr3.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GYZ's short term assets (NOK1.7B) exceed its short term liabilities (NOK180.8M).
Long Term Liabilities: 0GYZ's short term assets (NOK1.7B) exceed its long term liabilities (NOK1.4B).
Debt to Equity History and Analysis
Debt Level: 0GYZ's net debt to equity ratio (51.3%) is considered high.
Reducing Debt: 0GYZ's debt to equity ratio has increased from 0% to 92.9% 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 0GYZ has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 0GYZ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.