Nio Strategic Metals Balance Sheet Health
Financial Health criteria checks 6/6
Nio Strategic Metals has a total shareholder equity of CA$995.9K and total debt of CA$530.0K, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are CA$1.6M and CA$603.3K respectively.
Key information
53.2%
Debt to equity ratio
CA$530.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$1.04m |
Equity | CA$995.86k |
Total liabilities | CA$603.25k |
Total assets | CA$1.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIOC.F's short term assets (CA$1.1M) exceed its short term liabilities (CA$103.3K).
Long Term Liabilities: NIOC.F's short term assets (CA$1.1M) exceed its long term liabilities (CA$500.0K).
Debt to Equity History and Analysis
Debt Level: NIOC.F has more cash than its total debt.
Reducing Debt: NIOC.F's debt to equity ratio has reduced from 57.4% to 53.2% 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: NIOC.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NIOC.F has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 13.4% each year.