Nordic Mining Balance Sheet Health

Financial Health criteria checks 1/6

Nordic Mining has a total shareholder equity of NOK1.5B and total debt of NOK1.6B, which brings its debt-to-equity ratio to 104%. Its total assets and total liabilities are NOK3.3B and NOK1.8B respectively.

Key information

104.0%

Debt to equity ratio

NOK 1.57b

Debt

Interest coverage ratio	n/a
Cash	NOK 586.30m
Equity	NOK 1.51b
Total liabilities	NOK 1.76b
Total assets	NOK 3.27b

Recent financial health updates

Recent updates

Is Nordic Mining (OB:NOM) Using Too Much Debt?

Jul 04

Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?

Dec 05

Is Nordic Mining (OB:NOM) Using Debt Sensibly?

Jul 06

Nordic Mining's (OB:NOM) Earnings Are Built On Soft Foundations

Nov 16

We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely

May 12

Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?

Jan 11

Financial Position Analysis

Short Term Liabilities: NOM's short term assets (NOK674.6M) exceed its short term liabilities (NOK196.8M).

Long Term Liabilities: NOM's short term assets (NOK674.6M) do not cover its long term liabilities (NOK1.6B).

Debt to Equity History and Analysis

Debt Level: NOM's net debt to equity ratio (65.1%) is considered high.

Reducing Debt: NOM's debt to equity ratio has increased from 0% to 104% 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: NOM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NOM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 58.6% each year

Nordic Mining Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Is Nordic Mining (OB:NOM) Using Too Much Debt?

Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?

Is Nordic Mining (OB:NOM) Using Debt Sensibly?

We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely

Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?

Recent updates

Is Nordic Mining (OB:NOM) Using Too Much Debt?

Nordic Mining ASA Announces Retirement of Ivar S. Fossum as CEO

Nordic Mining ASA Announces Retirement of Ivar S. Fossum as CEO

Nordic Mining ASA Appoints Tord Meling as New Chief Financial Officer, Effective from 12 August 2024

Nordic Mining ASA Wins Against AMR on All Counts at the Supreme Court

Nordic Mining ASA Wins Against AMR on All Counts at the Supreme Court

Interim Chief Financial Officer recently bought kr502k worth of stock

New minor risk - Share price stability

Jens Gisle Schnelle Accepts the Role of Interim CFO of Nordic Mining ASA, Effective February 1, 2024

Nordic Mining Asa Announces Resignation of Jens Gisle Schnelle from His Position as CFO

Nordic Mining ASA to Report Q3, 2024 Results on Nov 05, 2024

Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?

Nordic Mining Appoints Jens Gisle Schnelle as New Chief Financial Officer, Effective from 15 October 2023

Is Nordic Mining (OB:NOM) Using Debt Sensibly?

Chief Financial Officer recently sold kr365k worth of stock

Nordic Mining ASA Announces Appointment of Tom Lileng as New Board Member

Investor sentiment improves as stock rises 16%

Investor sentiment improved over the past week

Nordic Mining ASA to Report Q1, 2023 Results on May 10, 2023

Insufficient new directors

Nordic Mining ASA Advances Construction Work at Engebø

Sibanye Stillwater Limited (JSE : SSW) completed the acquisition of additional 20% stake in Keliber Oy from Nordic Mining ASA (OB : NOM).

Nordic Mining ASA Appoints Maurice Kok as Commercial Director

Sibanye Stillwater Limited (JSE : SSW) agreed to acquire 20% stake in Keliber Oy from Nordic Mining ASA (OB : NOM) for €46.9 million.

Nordic Mining ASA Announces Keliber Reports Maiden Mineral Resource Estimate for New Tuoreetsaaret Deposit

Nordic Mining ASA Announces Keliber Completes First Three Phases of Four-Phase Pilot-Scale Test Programme

Insufficient new directors

Chief Executive Officer exercised options to buy kr3.6m worth of stock.

Investor sentiment improved over the past week

Nordic Mining's (OB:NOM) Earnings Are Built On Soft Foundations

Chief Executive Officer recently bought kr101k worth of stock

Nordic Mining Asa Measures and Indicates Mineral Resources of Keliber's Rapasaari Lithium Deposit Increases by More Than 30%

We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely

Nordic Mining ASA has completed a Follow-on Equity Offering in the amount of NOK 80 million.

Nordic Mining ASA Decides to Use Electrical Dryers Instead of Gas Fueled Dryers in the Mineral Processing of Rutile and Garnet At Engebø

New 90-day high: kr2.40

Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?

Nordic Mining ASA to Report Q4, 2021 Results on Feb 08, 2022

Nordic Mining ASA Announces Final approval for Engebø water pipeline

Nordic Mining ASA Undertakes Large-Scale Project Development At Engebø on the West Coast of Norway

Nordic Mining ASA Announces the Approval of the Water Pipeline for the Engebø Project by Chairmanship

New 90-day high: kr2.29

New 90-day low: kr1.98

New 90-day low - kr2.03

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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