NeXGold Mining Balance Sheet Health
Financial Health criteria checks 3/6
NeXGold Mining has a total shareholder equity of CA$96.1M and total debt of CA$16.3M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are CA$114.1M and CA$18.0M respectively.
Key information
17.0%
Debt to equity ratio
CA$16.34m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.30m |
| Equity | CA$96.14m |
| Total liabilities | CA$18.00m |
| Total assets | CA$114.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXGC.F's short term assets (CA$8.2M) do not cover its short term liabilities (CA$9.7M).
Long Term Liabilities: NXGC.F's short term assets (CA$8.2M) do not cover its long term liabilities (CA$8.3M).
Debt to Equity History and Analysis
Debt Level: NXGC.F's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: NXGC.F's debt to equity ratio has increased from 6.2% to 17% 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: NXGC.F has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NXGC.F is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.