Nevada Copper Balance Sheet Health
Financial Health criteria checks 0/6
Nevada Copper has a total shareholder equity of $233.6M and total debt of $255.5M, which brings its debt-to-equity ratio to 109.4%. Its total assets and total liabilities are $726.7M and $493.1M respectively.
Key information
109.4%
Debt to equity ratio
US$255.47m
Debt
| Interest coverage ratio | n/a |
| Cash | US$287.00k |
| Equity | US$233.60m |
| Total liabilities | US$493.07m |
| Total assets | US$726.67m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEVD.Q's short term assets ($17.7M) do not cover its short term liabilities ($133.0M).
Long Term Liabilities: NEVD.Q's short term assets ($17.7M) do not cover its long term liabilities ($360.0M).
Debt to Equity History and Analysis
Debt Level: NEVD.Q's net debt to equity ratio (109.2%) is considered high.
Reducing Debt: NEVD.Q's debt to equity ratio has increased from 31.6% to 109.4% 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: NEVD.Q has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NEVD.Q has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.5% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/09/04 02:56 |
| End of Day Share Price | 2024/06/07 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
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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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
Nevada Copper Corp. is covered by 12 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 |
|---|---|
| Wendell Zerb | Canaccord Genuity |
| Clifford Hale-Sanders | Cormark Securities Inc. |
| John Hughes | Desjardins Securities Inc. |