NexMetals Mining Corp. (NEXM) Key Metrics
NEXM key metrics, 2021–2025
Fiscal year ended December 31, 2025 · Canadian dollarsNEXM returns How much profit the business earns on the capital it uses.
NEXM financial health Debt, liquidity and how easily interest is covered.
NEXM efficiency & capital use Working capital cycle and where the cash goes.
NEXM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NEXM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NEXM key metrics in Canadian dollars
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Returns & profitability | |||||
| Return on equity (ROE) | −148.8% | — | −187.5% | −318.4% | — |
| Return on invested capital (ROIC) | −146.6% | −364.3% | −119.4% | −97.5% | — |
| Return on assets (ROA) | −95.8% | −158.3% | −92.1% | −155.3% | −178.7% |
| Return on tangible assets | −60.0% | −170.0% | −113.0% | −87.4% | −178.7% |
| Financial health | |||||
| Total debt | C$2.0M | C$19.2M | C$14.9M | C$10.0M | — |
| Cash & short-term investments | C$39.7M | C$6.1M | C$14.5M | C$5.2M | C$2.0M |
| Net debt | −C$37.8M | C$13.1M | C$421,058 | C$4.8M | −C$2.0M |
| Debt / equity | 0.02 | — | 2.03 | 0.37 | — |
| Debt / assets | 0.02 | 0.77 | 0.52 | 0.24 | — |
| Current ratio | 4.67 | 1.81 | 3.55 | 0.52 | 3.68 |
| Quick ratio | 4.67 | 1.81 | 3.51 | 0.52 | 3.68 |
| Interest coverage | -118.7 | -12.9 | -11.6 | -31.0 | — |
| Working capital | C$36.5M | C$3.4M | C$11.3M | −C$6.0M | C$1.6M |
| Invested capital | C$45.1M | C$9.7M | C$7.8M | C$32.0M | −C$6.3M |
| Tangible asset value | C$82.9M | −C$3.4M | C$7.4M | C$27.2M | −C$4.3M |
| Net current asset value | C$30.9M | −C$20.8M | −C$5.5M | −C$8.0M | −C$7.4M |
| Capital allocation | |||||
| Dividends paid | — | — | C$0 | C$0 | — |
| Capex / depreciation | 1.35 | 0.65 | 6.41 | 307.24 | — |
| Efficiency | |||||
| Days of inventory on hand | — | — | 78.4 | — | — |
| Days payables outstanding | 850.4 | 562.8 | 1,480.9 | 7,332.6 | — |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payables turnover | 0.43 | 0.65 | 0.25 | 0.05 | 0.00 |
| Inventory turnover | — | — | 4.65 | — | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | C$3.3M | C$687,023 | C$603,327 | C$472,130 | C$139,630 |
| Average payables | C$4.8M | C$2.4M | C$3.0M | C$1.9M | C$218,456 |
| Average inventory | — | — | C$160,055 | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from NEXM's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
NEXM valuation and financial ratios
NexMetals Mining Corp. earned a return on equity of −148.8% and a return on invested capital of −146.6% in fiscal 2025. It ended the year with C$2.0 million of debt and C$39.7 million in cash and short-term investments, a net cash position of C$37.8 million.
See the NEXM income statement, the NEXM chart for price history, or the NEXM stock overview for the latest quote and news.
NEXM key metrics FAQ
What is NexMetals Mining Corp.'s return on equity?
NexMetals Mining Corp.'s return on equity (ROE) was −148.8% in fiscal 2025: net income of -C$59.1 million on average shareholders' equity of C$39.7 million.
What is NexMetals Mining Corp.'s ROIC?
NexMetals Mining Corp.'s return on invested capital was −146.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does NexMetals Mining Corp. have?
NexMetals Mining Corp. had total debt of C$2.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is NexMetals Mining Corp.'s current ratio?
NexMetals Mining Corp.'s current ratio was 4.67 at the end of fiscal 2025: current assets were 4.67 times current liabilities.