NEXGEL Balance Sheet Health
Financial Health criteria checks 5/6
NEXGEL has a total shareholder equity of $5.2M and total debt of $838.0K, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are $10.0M and $4.8M respectively.
Key information
16.2%
Debt to equity ratio
US$838.00k
Debt
Interest coverage ratio | n/a |
Cash | US$2.70m |
Equity | US$5.17m |
Total liabilities | US$4.79m |
Total assets | US$9.96m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXGL's short term assets ($5.1M) exceed its short term liabilities ($2.5M).
Long Term Liabilities: NXGL's short term assets ($5.1M) exceed its long term liabilities ($2.2M).
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 16.2% 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 sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NXGL is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.