Nine Mile Metals Balance Sheet Health
Financial Health criteria checks 5/6
Nine Mile Metals has a total shareholder equity of CA$4.9M and total debt of CA$171.4K, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CA$5.3M and CA$337.1K respectively.
Key information
3.5%
Debt to equity ratio
CA$171.43k
Debt
Interest coverage ratio | n/a |
Cash | CA$657.79k |
Equity | CA$4.92m |
Total liabilities | CA$337.11k |
Total assets | CA$5.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VMSX.F's short term assets (CA$775.0K) exceed its short term liabilities (CA$337.1K).
Long Term Liabilities: VMSX.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VMSX.F has more cash than its total debt.
Reducing Debt: VMSX.F's debt to equity ratio has increased from 0% to 3.5% 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: VMSX.F has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VMSX.F is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.