CardieX Balance Sheet Health
Financial Health criteria checks 4/6
CardieX has a total shareholder equity of A$21.7K and total debt of A$7.1M, which brings its debt-to-equity ratio to 32735.7%. Its total assets and total liabilities are A$16.9M and A$16.8M respectively.
Key information
32,735.7%
Debt to equity ratio
AU$7.11m
Debt
Interest coverage ratio | n/a |
Cash | AU$4.53m |
Equity | AU$21.71k |
Total liabilities | AU$16.84m |
Total assets | AU$16.87m |
Financial Position Analysis
Short Term Liabilities: CDX's short term assets (A$14.5M) exceed its short term liabilities (A$14.2M).
Long Term Liabilities: CDX's short term assets (A$14.5M) exceed its long term liabilities (A$2.6M).
Debt to Equity History and Analysis
Debt Level: CDX's net debt to equity ratio (11856.3%) is considered high.
Reducing Debt: CDX's debt to equity ratio has increased from 0% to 32735.7% 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: CDX has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CDX is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.