Codeifai Balance Sheet Health
Financial Health criteria checks 3/6
Codeifai has a total shareholder equity of A$1.8M and total debt of A$2.0M, which brings its debt-to-equity ratio to 113.6%. Its total assets and total liabilities are A$6.4M and A$4.6M respectively.
Key information
113.6%
Debt to equity ratio
AU$2.02m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$567.57k |
| Equity | AU$1.78m |
| Total liabilities | AU$4.61m |
| Total assets | AU$6.39m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CDE's short term assets (A$1.2M) do not cover its short term liabilities (A$4.6M).
Long Term Liabilities: CDE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CDE's net debt to equity ratio (81.8%) is considered high.
Reducing Debt: CDE's debt to equity ratio has increased from 25.9% to 113.6% 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: CDE has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CDE is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.