HITIQ Balance Sheet Health
Financial Health criteria checks 4/6
HITIQ has a total shareholder equity of A$205.8K and total debt of A$22.7K, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are A$1.8M and A$1.6M respectively.
Key information
11.0%
Debt to equity ratio
AU$22.65k
Debt
Interest coverage ratio | n/a |
Cash | AU$854.11k |
Equity | AU$205.82k |
Total liabilities | AU$1.62m |
Total assets | AU$1.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HIQ's short term assets (A$1.1M) do not cover its short term liabilities (A$1.5M).
Long Term Liabilities: HIQ's short term assets (A$1.1M) exceed its long term liabilities (A$114.6K).
Debt to Equity History and Analysis
Debt Level: HIQ has more cash than its total debt.
Reducing Debt: Insufficient data to determine if HIQ'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: HIQ has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HIQ is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.