NV Gold Balance Sheet Health
Financial Health criteria checks 2/6
NV Gold has a total shareholder equity of CA$3.0M and total debt of CA$504.5K, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are CA$3.6M and CA$582.7K respectively.
Key information
16.9%
Debt to equity ratio
CA$504.48k
Debt
Interest coverage ratio | n/a |
Cash | CA$47.56k |
Equity | CA$2.98m |
Total liabilities | CA$582.74k |
Total assets | CA$3.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVGL.F's short term assets (CA$96.8K) do not cover its short term liabilities (CA$566.8K).
Long Term Liabilities: NVGL.F's short term assets (CA$96.8K) exceed its long term liabilities (CA$16.0K).
Debt to Equity History and Analysis
Debt Level: NVGL.F's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: NVGL.F's debt to equity ratio has increased from 0% to 16.9% 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: NVGL.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NVGL.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.8% each year.