NXT Energy Solutions Balance Sheet Health
Financial Health criteria checks 2/6
NXT Energy Solutions has a total shareholder equity of CA$6.8M and total debt of CA$5.2M, which brings its debt-to-equity ratio to 76.4%. Its total assets and total liabilities are CA$15.4M and CA$8.6M respectively.
Key information
76.4%
Debt to equity ratio
CA$5.20m
Debt
Interest coverage ratio | n/a |
Cash | CA$532.62k |
Equity | CA$6.81m |
Total liabilities | CA$8.63m |
Total assets | CA$15.43m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NSFD.F's short term assets (CA$1.5M) do not cover its short term liabilities (CA$4.1M).
Long Term Liabilities: NSFD.F's short term assets (CA$1.5M) do not cover its long term liabilities (CA$4.5M).
Debt to Equity History and Analysis
Debt Level: NSFD.F's net debt to equity ratio (68.6%) is considered high.
Reducing Debt: NSFD.F's debt to equity ratio has increased from 0% to 76.4% 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 2 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 1 months based on free cash flow estimates, but has since raised additional capital.