Micro-X Balance Sheet Health
Financial Health criteria checks 6/6
Micro-X has a total shareholder equity of A$10.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$21.6M and A$11.6M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$5.31m |
| Equity | AU$9.96m |
| Total liabilities | AU$11.61m |
| Total assets | AU$21.57m |
Recent financial health updates
Is Micro-X (ASX:MX1) In A Good Position To Invest In Growth?
May 02
We Think Micro-X (ASX:MX1) Needs To Drive Business Growth Carefully
Jul 07Here's Why We're Watching Micro-X's (ASX:MX1) Cash Burn Situation
Mar 01Recent updates
Micro-X Limited (ASX:MX1) Doing What It Can To Lift Shares
Mar 12Sentiment Still Eluding Micro-X Limited (ASX:MX1)
Jul 14Is Micro-X (ASX:MX1) In A Good Position To Invest In Growth?
May 02Shareholders May Not Be So Generous With Micro-X Limited's (ASX:MX1) CEO Compensation And Here's Why
Nov 07We Think Micro-X (ASX:MX1) Needs To Drive Business Growth Carefully
Jul 07Here's Why We're Watching Micro-X's (ASX:MX1) Cash Burn Situation
Mar 01What We Learned About Micro-X's (ASX:MX1) CEO Pay
Jan 29What Kind Of Shareholders Hold The Majority In Micro-X Limited's (ASX:MX1) Shares?
Jan 08Have Insiders Been Buying Micro-X Limited (ASX:MX1) Shares?
Dec 18
Micro-X Limited's (ASX:MX1) Shift From Loss To Profit
Nov 27Financial Position Analysis
Short Term Liabilities: MX1's short term assets (A$14.3M) exceed its short term liabilities (A$6.9M).
Long Term Liabilities: MX1's short term assets (A$14.3M) exceed its long term liabilities (A$4.7M).
Debt to Equity History and Analysis
Debt Level: MX1 is debt free.
Reducing Debt: MX1 currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: MX1 has sufficient cash runway for 12 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MX1 is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.