NORTHERN MINERALS & EXPL (NMEX) Financials

NMEX

FY2025 annual

Revenue $9K YoY not available

Net Income -$384K -125.2% YoY

Operating Cash Flow -$177K -5.5% YoY

Gross Profit $264 YoY not available

Market Cap $6.2M as of Sep 15, 2026

Price / Sales 714x on $9K revenue, FY2025

Price / Earnings n/m net loss, so no earnings multiple, FY2025

Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Apr 30, 2026 Reported Jun 15, 2026 Currency USD FYE July

Newest figures come from the 10-Q for Q3 FY2026, filed Jun 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NMEX SEC filings page.

NORTHERN MINERALS & EXPL (NMEX) reported $9K in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NMEX FY2025 2026-08-30

Northern Minerals & Exploration’s operating model combines thin gross economics with losses financed largely through external capital.

Revenue of $8.6M carried only a 3.1% gross margin, yet the operating loss reached -$235.3M; the cost structure overwhelms reported sales economics rather than merely reflecting low volume.

Liabilities of $385.6M sit against a 0.1x current ratio, meaning the reported current-asset base does not cover current obligations.

Financing cash flow of $152.5M arrived alongside operating cash flow of -$176.6M, showing new capital was being used alongside operating cash deficits rather than replacing them.

Some figures from recent filings were inconsistent and were omitted from this summary.

Financial Health Signals

Financial health score not available

NORTHERN MINERALS & EXPL does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-29.73

NORTHERN MINERALS & EXPL scores -29.73, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($6.2M) relative to total liabilities ($386K). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/7

NORTHERN MINERALS & EXPL passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

NORTHERN MINERALS & EXPL reported a net loss of $384K while operations used $177K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

NORTHERN MINERALS & EXPL reported an operating loss of $235K against $12K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$8K

QoQ-11.3%

NORTHERN MINERALS & EXPL generated $8K in revenue in Q3 2026. Against the prior quarter it is down 11.3%.

Net Income

-$59K

YoY+13.3%

QoQ+46.4%

NORTHERN MINERALS & EXPL reported -$59K in net income in Q3 2026. This represents an increase of 13.3% from the same quarter a year earlier. Against the prior quarter it is up 46.4%.

EBITDA

Not reported for Q3 2026.

EPS (Diluted)

Not reported for Q3 2026.

Cash & Balance Sheet

Cash & Debt

$17K

YoY-47.4%

QoQ+94.5%

5Y CAGR+8.4%

10Y CAGR-12.2%

NORTHERN MINERALS & EXPL held $17K in cash as of Q3 2026; long-term debt is not reported for that period.

Shares Outstanding

111M

YoY+4.0%

QoQ0.0%

5Y CAGR+8.6%

NORTHERN MINERALS & EXPL had 111M shares outstanding in Q3 2026. This represents an increase of 4.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

20.0%

QoQ0.0pp

NORTHERN MINERALS & EXPL's gross margin was 20.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. It is unchanged from the prior quarter.

Operating Margin

Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q3 2026.

Capital Allocation

None of these metrics is reported for Q3 2026.

NMEX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NMEX quarterly income statement

Metric	TTM	FY2510-K/A	FY2410-K/A	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	N/A	$9K	$0	N/A	N/A	$0-100.0%	$3K-79.3%	$14K-76.0%	$59K+10.7%	$54K+275.4%	$14K	N/A	N/A	$0	$0	N/A
Cost of Revenue	N/A	$8K	$0	N/A	N/A	N/A	N/A	N/A	$60K+27.7%	$47K	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	$264	$0	N/A	N/A	N/A	N/A	N/A	-$946-114.8%	$6K-55.3%	$14K	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$51K+131.4%	$22K-31.8%	$32K+26.2%	$25K	N/A	$22K-55.3%	$50K-52.5%	$105K+83.8%	$57K-68.4%	$181K-0.9%	$183K+100.5%	$91K-42.2%	$158K	$0	N/A
Operating Income	N/A	-$235K-48.1%	-$159K	N/A	N/A	N/A	-$188K	N/A	-$751K-484.6%	-$128K+30.6%	-$185K	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$12K+7.0%	$11K+59.3%	$7K-52.8%	$15K	N/A	$15K-17.7%	$18K+4.8%	$17K-36.8%	$27K	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$0	$0	$0	$0	$0	$0	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$384K-125.2%	-$170K-824.9%	$23K	N/A	N/A	-$35K	N/A	-$770K-24.1%	-$620K-235.0%	-$185K+39.7%	-$307K-218.7%	-$96K+68.6%	-$307K-344.8%	$125K	N/A
EPS (Basic)	N/A	$0.00	$0.00	$0.00	$0.00	N/A	N/A	N/A	N/A	N/A	N/A	-$0.02-11.3%	-$0.02+70.9%	-$0.06-2336.0%	$0.00-8.7%	$0.00

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A
Revenue	$8K	$9K	$5K	N/A	$0	$0	$0	N/A
Cost of Revenue	$7K	$8K	$5K	N/A	$0	$0	$0	N/A
Gross Profit	$2K	$2K	$109	N/A	$0	$0	$0	N/A
SG&A Expenses	$3K-12.5%	$31K+532.3%	$4K-88.7%	N/A	$4K	$5K	$33K	N/A
Operating Income	-$52K+19.0%	-$102K-181.1%	-$59K	N/A	-$65K-78.1%	-$36K-35.2%	N/A	N/A
Interest Expense	$6K+71.7%	$5K+55.7%	$4K+32.2%	N/A	$3K+19.7%	$3K+2.7%	$3K-0.3%	N/A
Income Tax	$0	$0	$0	N/A	$0	$0	$0	N/A
Net Income	-$59K+13.3%	-$110K-179.8%	-$63K	N/A	-$68K-73.8%	-$39K-32.1%	N/A	N/A
EPS (Basic)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

Not reported in any period shown, so not listed: R&D Expenses, EBITDA, EPS (Diluted), Diluted Shares (Avg).

NMEX Balance Sheet

NMEX quarterly balance sheet

Metric	FY2510-K/A	FY2410-K/A	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$162K+205.4%	$53K+670.1%	$7K-73.3%	$26K+2569.4%	$967-97.9%	$47K-28.7%	$66K-73.8%	$251K+90.9%	$131K-93.8%	$2.1M+0.3%	$2.1M-1.8%	$2.2M+23.7%	$1.7M	$0-100.0%	$74
Current Assets	$11K-79.7%	$53K+670.1%	$7K-73.3%	$26K+2569.4%	$967-94.6%	$18K-51.2%	$37K-53.6%	$79K+1416.7%	$5K-32.8%	$8K+65.0%	$5K-86.7%	$35K+605.9%	$5K	$0-100.0%	$74
Cash & Equivalents	$4K-92.4%	$53K+670.1%	$7K-73.3%	$26K+2569.4%	$967-85.9%	$7K-68.7%	$22K-58.5%	$53K+6307.8%	$822-84.3%	$5K+141.4%	$2K-93.9%	$35K+12972.7%	-$275	$0	$0
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$7K	$0	N/A	N/A	$0-100.0%	$1K	$0-100.0%	$3K-26.8%	$4K	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$386K+42.3%	$271K+1.1%	$268K-41.9%	$461K-22.8%	$597K-25.2%	$799K-11.8%	$905K+12.0%	$808K+65.6%	$488K-74.3%	$1.9M-0.5%	$1.9M+0.4%	$1.9M+8.4%	$1.8M+2113.9%	$79K-61.3%	$205K
Current Liabilities	$111K-8.0%	$121K-33.8%	$183K-60.3%	$461K-22.8%	$597K-25.2%	$799K-11.8%	$905K+25.1%	$723K+79.5%	$403K-16.4%	$482K+3.3%	$467K-9.4%	$515K+35.2%	$381K+380.5%	$79K-61.3%	$205K
Non-Current Liabilities	$274K+82.9%	$150K+76.3%	$85K	$0	$0	$0	$0-100.0%	$85K0.0%	$85K-94.0%	$1.4M-1.7%	$1.4M+4.1%	$1.4M+0.9%	$1.4M	$0	$0
Total Equity	-$223K-2.5%	-$218K+16.6%	-$261K+40.0%	-$435K+27.0%	-$596K+20.7%	-$752K+10.4%	-$839K-50.6%	-$557K-56.3%	-$357K-264.2%	$217K+7.5%	$202K-18.9%	$249K+1646.7%	-$16K+79.7%	-$79K+61.2%	-$205K
Retained Earnings	-$3.9M-10.8%	-$3.5M-5.1%	-$3.4M+0.7%	-$3.4M-4.6%	-$3.2M-8.1%	-$3.0M-1.2%	-$3.0M-23.9%	-$2.4M-47.4%	-$1.6M-61.9%	-$1.0M-22.7%	-$817K-60.1%	-$510K-23.3%	-$414K-285.9%	-$107K+53.9%	-$233K

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A
Total Assets	$233K-27.9%	$220K+620.7%	$171K+1503.5%	$162K+205.4%	$324K+672.3%	$30K+194.9%	$11K+406.5%	$53K+670.1%
Current Assets	$44K+37.9%	$29K-4.0%	$20K+83.0%	$11K-79.7%	$32K-24.3%	$30K+194.9%	$11K+406.5%	$53K+670.1%
Cash & Equivalents	$17K-47.4%	$9K-71.9%	$8K-22.4%	$4K-92.4%	$32K-24.3%	$30K+194.9%	$11K+406.5%	$53K+670.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$27K	$21K	$11K	$7K	N/A	N/A	N/A	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$646K+85.2%	$573K+84.1%	$458K+59.4%	$386K+42.3%	$349K+26.7%	$311K+13.4%	$287K-4.3%	$271K+1.1%
Current Liabilities	$184K+60.0%	$171K+25.4%	$176K+28.0%	$111K-8.0%	$115K-39.7%	$136K-28.0%	$137K-33.7%	$121K-33.8%
Non-Current Liabilities	$462K+97.6%	$402K+129.9%	$282K+88.2%	$274K+82.9%	$234K+175.1%	$175K+105.7%	$150K+61.1%	$150K+76.3%
Total Equity	-$412K-1573.5%	-$353K-25.8%	-$287K-3.7%	-$223K-2.5%	-$25K+89.4%	-$281K-6.3%	-$276K+7.2%	-$218K+16.6%
Retained Earnings	-$4.2M-11.6%	-$4.1M-12.0%	-$4.0M-10.2%	-$3.9M-10.8%	-$3.7M-6.4%	-$3.7M-5.7%	-$3.6M-5.4%	-$3.5M-5.1%

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

NMEX Cash Flow Statement

NMEX quarterly cash flow statement

Metric	TTM	FY2510-K/A	FY2410-K/A	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$230K	-$177K-5.5%	-$167K	N/A	N/A	N/A	-$204K+16.4%	-$244K+24.7%	-$324K-9378.3%	-$3K+98.0%	-$174K+51.7%	-$360K-1291.2%	-$26K+91.9%	-$320K-2336.3%	-$13K	N/A
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0	N/A
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$14K-92.6%	$183K	N/A	N/A	N/A	N/A	$0	$0	$0
Investing Cash Flow	N/A	-$25K	$0	$0	$0	$0	$0+100.0%	-$20K+55.8%	-$45K-654.2%	-$6K-156.0%	-$2K-103.6%	$65K+117.6%	-$369K-220.6%	-$115K	$0	$0
Financing Cash Flow	$270K	$153K-28.6%	$214K	N/A	N/A	N/A	$189K-19.0%	$233K-44.6%	$421K+8319.5%	$5K-97.2%	$179K-31.5%	$262K-39.1%	$430K-0.9%	$434K+3210.8%	$13K	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A
Operating Cash Flow	-$52K-1.3%	-$78K-93.0%	-$58K-36.0%	-$43K+2.6%	-$51K-33.5%	-$40K+15.2%	-$42K	-$44K
Investing Cash Flow	$0+100.0%	N/A	N/A	-$13K	-$13K	$0	$0	$0
Financing Cash Flow	$60K-7.7%	$120K+100.0%	$62K	$28K-50.0%	$65K-7.1%	$60K	$0	$55K

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

NMEX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NMEX quarterly financial ratios

Metric	FY2510-K/A	FY2410-K/A	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	3.1%	N/A	N/A	N/A	N/A	N/A	N/A	-1.6%-13.5pp	11.9%-88.1pp	100.0%	N/A	N/A	N/A	N/A	N/A
Operating Margin	-2725.4%	N/A	N/A	N/A	N/A	-6372.6%	N/A	-1262.9%	-239.2%	-1294.7%	N/A	N/A	N/A	N/A	N/A
Net Margin	-4443.0%	N/A	N/A	N/A	N/A	-1187.4%	N/A	-1295.0%	-1155.3%	-1294.7%	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-85.3%+66.7pp	-152.0%-113.3pp	-38.7%	N/A	N/A	N/A
Return on Assets	-236.4%+84.1pp	-320.6%-661.1pp	340.6%	N/A	N/A	-74.9%	N/A	-307.0%+165.3pp	-472.4%-463.6pp	-8.7%+5.8pp	-14.5%-10.0pp	-4.5%+13.2pp	-17.6%	N/A	N/A
Current Ratio	0.10-0.3x	0.44+0.4x	0.040.0x	0.06+0.1x	0.000.0x	0.020.0x	0.04-0.1x	0.11+0.1x	0.010.0x	0.020.0x	0.01-0.1x	0.07+0.1x	0.010.0x	0.000.0x	0.00
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	8.76-0.7x	9.46+1.8x	7.65	N/A	N/A	N/A
Asset Turnover	0.05+0.1x	0.00	N/A	N/A	0.00-0.1x	0.06-0.2x	0.220.0x	0.24-0.2x	0.41+0.4x	0.01	N/A	N/A	0.00	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K/A
Gross Margin	20.0%	20.0%	2.1%	N/A	N/A	N/A	N/A	N/A
Operating Margin	-624.3%	-1082.4%	-1173.3%	N/A	N/A	N/A	N/A	N/A
Net Margin	-703.8%	-1164.1%	-1247.9%	N/A	N/A	N/A	N/A	N/A
Return on Assets	-25.3%-4.3pp	-50.1%+78.9pp	-37.0%	N/A	-21.0%+72.3pp	-129.0%+159.0pp	N/A	N/A
Current Ratio	0.240.0x	0.17-0.1x	0.110.0x	0.10-0.3x	0.28+0.1x	0.22+0.2x	0.08+0.1x	0.44+0.4x
Asset Turnover	0.040.0x	0.040.0x	0.030.0x	N/A	0.00	0.00	0.00	N/A

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: Shareholder equity is negative (-$223K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.10), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where NORTHERN MINERALS & EXPL Ranks

Frequently Asked Questions

What is NORTHERN MINERALS & EXPL's annual revenue?

NORTHERN MINERALS & EXPL (NMEX) reported $9K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is NORTHERN MINERALS & EXPL profitable?

No, NORTHERN MINERALS & EXPL (NMEX) reported a net income of -$384K in fiscal year 2025.

What is NORTHERN MINERALS & EXPL's gross margin?

NORTHERN MINERALS & EXPL (NMEX) had a gross margin of 3.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is NORTHERN MINERALS & EXPL's operating cash flow?

NORTHERN MINERALS & EXPL (NMEX) recorded an outflow of $177K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are NORTHERN MINERALS & EXPL's total assets?

NORTHERN MINERALS & EXPL (NMEX) had $162K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does NORTHERN MINERALS & EXPL have outstanding?

NORTHERN MINERALS & EXPL (NMEX) had 107M shares outstanding as of fiscal year 2025.

What is NORTHERN MINERALS & EXPL's current ratio?

NORTHERN MINERALS & EXPL (NMEX) had a current ratio of 0.10 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is NORTHERN MINERALS & EXPL's return on assets (ROA)?

NORTHERN MINERALS & EXPL (NMEX) had a return on assets of -236.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is NORTHERN MINERALS & EXPL's P/E ratio?

NORTHERN MINERALS & EXPL (NMEX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $6.2M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is NORTHERN MINERALS & EXPL's price-to-sales ratio?

NORTHERN MINERALS & EXPL (NMEX) trades at 714x sales, its market capitalization divided by revenue of $9K revenue, FY2025. The market capitalization is $6.2M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does NORTHERN MINERALS & EXPL's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, NORTHERN MINERALS & EXPL (NMEX) held $4K in cash, cash equivalents and investments, and reported an operating cash outflow of $177K over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is NORTHERN MINERALS & EXPL's debt-to-equity ratio negative or not reported?

NORTHERN MINERALS & EXPL (NMEX) has negative shareholder equity of -$223K as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is NORTHERN MINERALS & EXPL's Altman Z-Score?

NORTHERN MINERALS & EXPL (NMEX) has an Altman Z-Score of -29.73, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is NORTHERN MINERALS & EXPL's Piotroski F-Score?

NORTHERN MINERALS & EXPL (NMEX) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are NORTHERN MINERALS & EXPL's earnings high quality?

NORTHERN MINERALS & EXPL (NMEX) reported a net loss of $384K while operations used $177K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can NORTHERN MINERALS & EXPL cover its interest payments?

NORTHERN MINERALS & EXPL (NMEX) reported an operating loss of $235K against $12K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.