NioCorp Developments Balance Sheet Health
Financial Health criteria checks 2/6
NioCorp Developments has a total shareholder equity of $3.9M and total debt of $5.3M, which brings its debt-to-equity ratio to 135.4%. Its total assets and total liabilities are $18.3M and $14.4M respectively.
Key information
135.4%
Debt to equity ratio
US$5.26m
Debt
| Interest coverage ratio | n/a |
| Cash | US$150.00k |
| Equity | US$3.88m |
| Total liabilities | US$14.44m |
| Total assets | US$18.32m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NB's short term assets ($1.2M) do not cover its short term liabilities ($8.1M).
Long Term Liabilities: NB's short term assets ($1.2M) do not cover its long term liabilities ($6.3M).
Debt to Equity History and Analysis
Debt Level: NB's net debt to equity ratio (131.5%) is considered high.
Reducing Debt: NB's debt to equity ratio has increased from 60.3% to 135.4% 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: NB has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NB is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.