NEXGEL Balance Sheet Health
Financial Health criteria checks 3/6
NEXGEL has a total shareholder equity of $5.0M and total debt of $709.0K, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are $10.6M and $5.6M respectively.
Key information
14.2%
Debt to equity ratio
US$709.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.06m |
| Equity | US$4.99m |
| Total liabilities | US$5.59m |
| Total assets | US$10.57m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXGL's short term assets ($4.6M) exceed its short term liabilities ($3.0M).
Long Term Liabilities: NXGL's short term assets ($4.6M) exceed its long term liabilities ($2.5M).
Debt to Equity History and Analysis
Debt Level: NXGL has more cash than its total debt.
Reducing Debt: NXGL's debt to equity ratio has increased from 0% to 14.2% 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: NXGL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NXGL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.9% each year