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
Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?
Dec 05
Is Nordic Mining (OB:NOM) Using Debt Sensibly?
Jul 06We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely
May 12Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?
Jan 11Recent updates
Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?
Dec 05Is Nordic Mining (OB:NOM) Using Debt Sensibly?
Jul 06Nordic Mining's (OB:NOM) Earnings Are Built On Soft Foundations
Nov 16We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely
May 12Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?
Jan 11Financial Position Analysis
Short Term Liabilities: NOM's short term assets (NOK1.7B) exceed its short term liabilities (NOK180.8M).
Long Term Liabilities: NOM's short term assets (NOK1.7B) exceed its long term liabilities (NOK1.4B).
Debt to Equity History and Analysis
Debt Level: NOM's net debt to equity ratio (51.3%) is considered high.
Reducing Debt: NOM'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 NOM has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NOM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.