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 136.2%. Its total assets and total liabilities are $18.3M and $14.4M respectively.
Key information
136.2%
Debt to equity ratio
US$5.29m
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 (132.4%) is considered high.
Reducing Debt: NB's debt to equity ratio has increased from 60.3% to 136.2% 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: 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 03:15 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
NioCorp Developments Ltd. is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lord Ashbourne | Edison Investment Research |
| Heiko Ihle | H.C. Wainwright & Co. |
| Barry Allan | Research Capital Corporation |