Careteq Balance Sheet Health
Financial Health criteria checks 3/6
Careteq has a total shareholder equity of A$5.2M and total debt of A$709.9K, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are A$9.3M and A$4.1M respectively.
Key information
13.6%
Debt to equity ratio
AU$709.93k
Debt
Interest coverage ratio | n/a |
Cash | AU$2.17m |
Equity | AU$5.22m |
Total liabilities | AU$4.08m |
Total assets | AU$9.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTQ's short term assets (A$5.2M) exceed its short term liabilities (A$3.8M).
Long Term Liabilities: CTQ's short term assets (A$5.2M) exceed its long term liabilities (A$305.6K).
Debt to Equity History and Analysis
Debt Level: CTQ has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CTQ's debt to equity ratio has reduced 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: CTQ has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CTQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 28.7% each year