Nixxy Balance Sheet Health
Financial Health criteria checks 4/6
Nixxy has a total shareholder equity of $6.8M and total debt of $1.2M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are $11.2M and $4.4M respectively.
Key information
17.5%
Debt to equity ratio
US$1.20m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.36m |
| Equity | US$6.83m |
| Total liabilities | US$4.42m |
| Total assets | US$11.25m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NIXX's short term assets ($2.6M) do not cover its short term liabilities ($4.4M).
Long Term Liabilities: NIXX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NIXX has more cash than its total debt.
Reducing Debt: NIXX's debt to equity ratio has increased from 1.5% to 17.5% 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: NIXX has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NIXX has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 12% each year.