Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
NexMetals Mining Corp.NEXM · other
GradeNonecomputable_factors_below_threshold: 2 of 14 inputs computable; 7 are required
Reliability0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025
Peer failure rate1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$12.5M to $120M assetstotal assets $98.5M[1]
Warningsshort runway, late filer, thin datanot computable: dilution, degenerate inputs, distress, fortress balance sheet
Inputs computable2 of 14
Graded fromfilings received through May 13, 2026149 days before the rescan; every figure keyed to the SEC receipt date
Last close$1.702026-10-08; market equity $60.6M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$2$4$6NovDecJanFebMarAprMayJunJulAugSepOct$1.69
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Jul 21, 2024nonen/aQ2

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 13, 2026; the document on sec.gov.

is a mineral exploration and evaluation company focused on the discovery and advancement of high-quality copper-nickel-cobalt-platinum group elements (“Cu-Ni-Co-PGE”) resources. The principal assets of NEXM are the Selebi and Selebi North copper-nickel-cobalt (“Cu-Ni-Co”) mines in Botswana and related infrastructure (together, the “Selebi Mines”), as well as the Cu-Ni-Co-PGE Selkirk mine in Botswana, together with associated infrastructure and four surrounding prospecting licences (collectively, the “Selkirk Mine” and together with the Selebi Mines, the “Mines”). NEXM is committed to governance through transparency, accountability, and open communication among NEXM’s team and stakeholders.

Warnings [top]

Short runway. cash runway is 4.3 months[2]
Late filer. found 1 NT 10-K/Q filings in the last eight quarters
Thin data. 2 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 12.7
Gross profitabilitynot computable27.1%
one or more required annual facts are missing
Return on invested capitalnot computable10.0%
one or more required annual facts are missing
Accruals ratio(18.6%)[1,3-5](5.9%)12.75062025-12-31
Gross margin stability, five yearsnot computable2.2 pts
five annual gross margins are required; found 0
Solvency, sleeve percentile 7.5
Twelve-month failure probabilitynot computable0.04%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-primenot computable2.05
one or more required annual facts are missing
Net debt to EBITDAnot computable2.52x
one or more required annual facts are missing
Interest coveragenot computable2.18x
one or more required annual facts are missing
Current ratio4.67x[6-7]1.32x7.55062025-12-31
Growth and financing
Revenue growth, three-year compoundnot computable5.1%
four annual observations are required; found 0
Free cash flow growth, three-year compoundnot computable8.7%
four consecutive annual FCF observations are required; found 3
Reinvestment ratenot computable11.9%
one or more required annual facts are missing
Asset growth, three yearsnot computable4.1%
four annual observations are required; found 3
Net share issuance, one yearnot computable(0.4%)
raw and split-adjusted prices do not align at 2025-03-19

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 336 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(54.3%)2.0%9hotter than 9 of 100 peers
Distance from 52-week high(73.3%)(26.8%)5closer to its high than 5 of 100 peers
EBIT to enterprise valuenot computable4.4%required accounting or market input is missing
Free cash flow yield(83.6%)4.1%2pricier than 98 of 100 peers
Book value to price1.020.3487pricier than 13 of 100 peers
Sales to pricenot computable0.70required accounting or market input is missing
Composite equity issuance, five yearsnot computable(8.8%)a share count from five years earlier is required
Relative strength against the sector, log excess return(0.93)(0.13)9ahead of 9 of 100 peers

Inputs: market equity $60.2M; free cash flow -$50.4M; book equity $61.7M; cash $17.0M[8].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(236.8%)✗ fail[3,5]
Operating cash flow above zero(47,580,572.00)✗ fail[4]
Return on assets improved(125.1 pts)✗ fail[3,5,9-10]
Operating cash flow exceeds net income11,505,753.00✓ pass[3-4]
Long-term leverage felln/a[1,5,10]
Current ratio improved285.7 pts✓ pass[6-7,11-12]
No new shares issuedn/a[13-14]
Gross margin improvedn/a
Asset turnover improvedn/a[5,10]
Cash, filings, liquidity
Cash and equivalents$17.0M[2]
Operating cash flow, four quarters-$47.0M[2,4,15-18]
Months of runway4.3
Late filings, two years1
NT 10-K or NT 10-Q
Days since last periodic filing53
10-Q received Aug 17, 2026
Median daily dollar volume$62,712
63 sessions
Days since newest grade input149

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$98.5M2025-12-312026-05-1310-K/Afiling · viewer · series
2cashus-gaap:CashAndCashEquivalentsAtCarryingValue16,956,5642026-06-302026-08-1710-Qfiling · viewer · series
3net incomeus-gaap:NetIncomeLoss-59,086,3252025-12-312026-05-1310-K/Afiling · viewer · series
4operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-47,580,5722025-12-312026-05-1310-K/Afiling · viewer · series
5assetsus-gaap:Assets24,953,4692024-12-312026-05-1310-K/Afiling · viewer · series
6current assetsus-gaap:AssetsCurrent46,475,5372025-12-312026-05-1310-K/Afiling · viewer · series
7current liabilitiesus-gaap:LiabilitiesCurrent9,957,8132025-12-312026-05-1310-K/Afiling · viewer · series
8shares outstandingdei:EntityCommonStockSharesOutstanding35,648,1642026-08-172026-08-1710-Qfiling · viewer · series
9net incomeus-gaap:NetIncomeLoss-42,420,2832024-12-312026-05-1310-K/Afiling · viewer · series
10assetsus-gaap:Assets37,974,2052023-12-312025-03-2010-Kfiling · viewer · series
11current assetsus-gaap:AssetsCurrent7,618,2432024-12-312026-05-1310-K/Afiling · viewer · series
12current liabilitiesus-gaap:LiabilitiesCurrent4,207,7532024-12-312026-05-1310-K/Afiling · viewer · series
13shares outstandingdei:EntityCommonStockSharesOutstanding35,512,6062026-03-132026-05-1310-K/Afiling · viewer · series
14shares outstandingdei:EntityCommonStockSharesOutstanding428,986,4742025-03-192025-03-2010-Kfiling · viewer · series
15operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-21,084,8782026-06-302026-08-1710-Qfiling · viewer · series
16operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-12,203,9472026-03-312026-05-1310-Qfiling · viewer · series
17operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-35,106,7412025-09-302025-11-1310-Qfiling · viewer · series
18operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-21,685,6112025-06-302026-08-1710-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Updated Oct 9, 2026