CardieX Balance Sheet Health
Financial Health criteria checks 2/6
CardieX has a total shareholder equity of A$3.2M and total debt of A$3.2M, which brings its debt-to-equity ratio to 100.7%. Its total assets and total liabilities are A$11.5M and A$8.3M respectively.
Key information
100.7%
Debt to equity ratio
AU$3.23m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$481.43k |
| Equity | AU$3.20m |
| Total liabilities | AU$8.32m |
| Total assets | AU$11.52m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CDX's short term assets (A$9.3M) exceed its short term liabilities (A$7.8M).
Long Term Liabilities: CDX's short term assets (A$9.3M) exceed its long term liabilities (A$485.2K).
Debt to Equity History and Analysis
Debt Level: CDX's net debt to equity ratio (85.7%) is considered high.
Reducing Debt: CDX's debt to equity ratio has increased from 59.4% to 100.7% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CDX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27.5% each year