Wellnex Life Balance Sheet Health
Financial Health criteria checks 3/6
Wellnex Life has a total shareholder equity of A$7.2M and total debt of A$10.6M, which brings its debt-to-equity ratio to 147.8%. Its total assets and total liabilities are A$31.5M and A$24.3M respectively.
Key information
147.8%
Debt to equity ratio
AU$10.62m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$956.00k |
| Equity | AU$7.18m |
| Total liabilities | AU$24.30m |
| Total assets | AU$31.48m |
Financial Position Analysis
Short Term Liabilities: WNX's short term assets (A$10.5M) do not cover its short term liabilities (A$24.2M).
Long Term Liabilities: WNX's short term assets (A$10.5M) exceed its long term liabilities (A$86.0K).
Debt to Equity History and Analysis
Debt Level: WNX's net debt to equity ratio (134.5%) is considered high.
Reducing Debt: WNX's debt to equity ratio has increased from 4% to 147.8% 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: WNX has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WNX is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.