Change Financial Balance Sheet Health
Financial Health criteria checks 6/6
Change Financial has a total shareholder equity of $6.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $13.1M and $6.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$3.15m |
Equity | US$6.91m |
Total liabilities | US$6.21m |
Total assets | US$13.12m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CCA's short term assets ($5.6M) exceed its short term liabilities ($5.1M).
Long Term Liabilities: CCA's short term assets ($5.6M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: CCA is debt free.
Reducing Debt: CCA has no debt compared to 5 years ago when its debt to equity ratio was 38%.
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: CCA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CCA has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 24.9% each year.