Nano Magic Balance Sheet Health
Financial Health criteria checks 4/6
Nano Magic has a total shareholder equity of $1.3M and total debt of $564.5K, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are $3.5M and $2.2M respectively.
Key information
43.1%
Debt to equity ratio
US$564.50k
Debt
Interest coverage ratio | n/a |
Cash | US$527.46k |
Equity | US$1.31m |
Total liabilities | US$2.21m |
Total assets | US$3.52m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NMGX's short term assets ($1.7M) exceed its short term liabilities ($1.2M).
Long Term Liabilities: NMGX's short term assets ($1.7M) exceed its long term liabilities ($960.5K).
Debt to Equity History and Analysis
Debt Level: NMGX's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: NMGX 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: NMGX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NMGX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.7% each year