Nevada Canyon Gold Balance Sheet Health
Financial Health criteria checks 6/6
Nevada Canyon Gold has a total shareholder equity of $9.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $11.1M and $1.3M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$9.74m |
Equity | US$9.82m |
Total liabilities | US$1.31m |
Total assets | US$11.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGLD's short term assets ($10.3M) exceed its short term liabilities ($1.3M).
Long Term Liabilities: NGLD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NGLD is debt free.
Reducing Debt: NGLD currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: NGLD has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NGLD has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 48.2% each year