Ignite Balance Sheet Health
Financial Health criteria checks 6/6
Ignite has a total shareholder equity of A$6.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$10.7M and A$4.0M respectively. Ignite's EBIT is A$495.0K making its interest coverage ratio 2.1. It has cash and short-term investments of A$1.8M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | 2.1x |
| Cash | AU$1.85m |
| Equity | AU$6.71m |
| Total liabilities | AU$4.04m |
| Total assets | AU$10.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGN's short term assets (A$10.3M) exceed its short term liabilities (A$3.8M).
Long Term Liabilities: IGN's short term assets (A$10.3M) exceed its long term liabilities (A$244.0K).
Debt to Equity History and Analysis
Debt Level: IGN is debt free.
Reducing Debt: IGN has no debt compared to 5 years ago when its debt to equity ratio was 11.4%.
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: Whilst unprofitable IGN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IGN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.5% per year.