Northern Minerals & Exploration Balance Sheet Health
Financial Health criteria checks 0/6
Northern Minerals & Exploration has a total shareholder equity of $-264.0K and total debt of $171.0K, which brings its debt-to-equity ratio to -64.8%. Its total assets and total liabilities are $10.3K and $274.3K respectively.
Key information
-64.8%
Debt to equity ratio
US$171.00k
Debt
Interest coverage ratio | n/a |
Cash | US$10.34k |
Equity | -US$263.96k |
Total liabilities | US$274.30k |
Total assets | US$10.34k |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: NMEX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NMEX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NMEX has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NMEX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NMEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NMEX's interest payments on its debt are well covered by EBIT.