Nixxy Balance Sheet Health
Financial Health criteria checks 3/6
Nixxy has a total shareholder equity of $2.6M and total debt of $3.7M, which brings its debt-to-equity ratio to 140.9%. Its total assets and total liabilities are $9.8M and $7.2M respectively.
Key information
140.9%
Debt to equity ratio
US$3.68m
Debt
| Interest coverage ratio | n/a |
| Cash | US$497.34k |
| Equity | US$2.61m |
| Total liabilities | US$7.16m |
| Total assets | US$9.77m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NIXX's short term assets ($809.5K) do not cover its short term liabilities ($7.2M).
Long Term Liabilities: NIXX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NIXX's net debt to equity ratio (121.9%) is considered high.
Reducing Debt: NIXX's debt to equity ratio has increased from 2.1% to 140.9% 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: NIXX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NIXX is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.