Northgold Balance Sheet Health
Financial Health criteria checks 5/6
Northgold has a total shareholder equity of SEK49.0M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK57.4M and SEK8.4M respectively.
Key information
0%
Debt to equity ratio
kr0
Debt
Interest coverage ratio | n/a |
Cash | kr2.59m |
Equity | kr49.04m |
Total liabilities | kr8.35m |
Total assets | kr57.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NG's short term assets (SEK4.1M) exceed its short term liabilities (SEK3.0M).
Long Term Liabilities: NG's short term assets (SEK4.1M) do not cover its long term liabilities (SEK5.3M).
Debt to Equity History and Analysis
Debt Level: NG is debt free.
Reducing Debt: NG had no debt 5 years ago.
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: NG has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NG is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.