Nio Strategic Metals Balance Sheet Health
Financial Health criteria checks 6/6
Nio Strategic Metals has a total shareholder equity of CA$1.0M and total debt of CA$450.0K, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are CA$1.6M and CA$538.7K respectively.
Key information
43.6%
Debt to equity ratio
CA$450.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.01m |
| Equity | CA$1.03m |
| Total liabilities | CA$538.67k |
| Total assets | CA$1.57m |
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$538.7K).
Long Term Liabilities: NIOC.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NIOC.F has more cash than its total debt.
Reducing Debt: NIOC.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 1.1 years if free cash flow continues to reduce at historical rates of 21.7% each year.