This company has been acquired
New Century Resources Balance Sheet Health
Financial Health criteria checks 2/6
New Century Resources has a total shareholder equity of A$76.7M and total debt of A$290.1K, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are A$462.0M and A$385.3M respectively. New Century Resources's EBIT is A$32.5M making its interest coverage ratio 3.7. It has cash and short-term investments of A$47.8M.
Key information
0.4%
Debt to equity ratio
AU$290.09k
Debt
| Interest coverage ratio | 3.7x |
| Cash | AU$47.81m |
| Equity | AU$76.73m |
| Total liabilities | AU$385.31m |
| Total assets | AU$462.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NWNN.F's short term assets (A$124.1M) do not cover its short term liabilities (A$155.2M).
Long Term Liabilities: NWNN.F's short term assets (A$124.1M) do not cover its long term liabilities (A$230.2M).
Debt to Equity History and Analysis
Debt Level: NWNN.F has more cash than its total debt.
Reducing Debt: NWNN.F's debt to equity ratio has increased from 0% to 0.4% 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: NWNN.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NWNN.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.2% each year.