Nevis Brands Balance Sheet Health
Financial Health criteria checks 4/6
Nevis Brands has a total shareholder equity of CA$1.3M and total debt of CA$556.2K, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are CA$2.2M and CA$887.9K respectively. Nevis Brands's EBIT is CA$64.7K making its interest coverage ratio 1.2. It has cash and short-term investments of CA$115.2K.
Key information
43.6%
Debt to equity ratio
CA$556.24k
Debt
| Interest coverage ratio | 1.2x |
| Cash | CA$115.23k |
| Equity | CA$1.28m |
| Total liabilities | CA$887.93k |
| Total assets | CA$2.17m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEVI.F's short term assets (CA$737.1K) do not cover its short term liabilities (CA$887.9K).
Long Term Liabilities: NEVI.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NEVI.F's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: NEVI.F's debt to equity ratio has increased from 0% to 43.6% 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: NEVI.F has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NEVI.F is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.