NXT Energy Solutions Balance Sheet Health
Financial Health criteria checks 2/6
NXT Energy Solutions has a total shareholder equity of CA$2.4M and total debt of CA$8.3M, which brings its debt-to-equity ratio to 341.2%. Its total assets and total liabilities are CA$14.5M and CA$12.1M respectively.
Key information
341.2%
Debt to equity ratio
CA$8.29m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$942.52k |
| Equity | CA$2.43m |
| Total liabilities | CA$12.10m |
| Total assets | CA$14.53m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NSFD.F's short term assets (CA$1.1M) do not cover its short term liabilities (CA$4.1M).
Long Term Liabilities: NSFD.F's short term assets (CA$1.1M) do not cover its long term liabilities (CA$8.0M).
Debt to Equity History and Analysis
Debt Level: NSFD.F's net debt to equity ratio (302.4%) is considered high.
Reducing Debt: NSFD.F's debt to equity ratio has increased from 0% to 341.2% 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: NSFD.F has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NSFD.F is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.