Nextraction Energy Balance Sheet Health
Financial Health criteria checks 0/6
Nextraction Energy has a total shareholder equity of CA$-12.3M and total debt of CA$6.5M, which brings its debt-to-equity ratio to -52.9%. Its total assets and total liabilities are CA$1.4K and CA$12.3M respectively.
Key information
-52.9%
Debt to equity ratio
CA$6.52m
Debt
Interest coverage ratio | n/a |
Cash | CA$706.00 |
Equity | -CA$12.33m |
Total liabilities | CA$12.33m |
Total assets | CA$1.44k |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXTF.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NXTF.F 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: NXTF.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NXTF.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NXTF.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NXTF.F's interest payments on its debt are well covered by EBIT.