Nicox Balance Sheet Health
Financial Health criteria checks 2/6
Nicox has a total shareholder equity of €45.5M and total debt of €20.4M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are €82.3M and €36.8M respectively.
Key information
44.8%
Debt to equity ratio
€20.38m
Debt
Interest coverage ratio | n/a |
Cash | €19.01m |
Equity | €45.53m |
Total liabilities | €36.75m |
Total assets | €82.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NICX.F's short term assets (€23.8M) exceed its short term liabilities (€9.2M).
Long Term Liabilities: NICX.F's short term assets (€23.8M) do not cover its long term liabilities (€27.5M).
Debt to Equity History and Analysis
Debt Level: NICX.F's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: NICX.F's debt to equity ratio has increased from 0% to 44.8% 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: NICX.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NICX.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.7% each year