Carbonxt Group Balance Sheet Health
Financial Health criteria checks 3/6
Carbonxt Group has a total shareholder equity of A$12.4M and total debt of A$9.8M, which brings its debt-to-equity ratio to 79.3%. Its total assets and total liabilities are A$30.1M and A$17.7M respectively.
Key information
79.3%
Debt to equity ratio
AU$9.81m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.65m |
| Equity | AU$12.37m |
| Total liabilities | AU$17.70m |
| Total assets | AU$30.08m |
Recent financial health updates
Is Carbonxt Group (ASX:CG1) A Risky Investment?
Nov 03
Is Carbonxt Group (ASX:CG1) Using Debt In A Risky Way?
Jun 09Does Carbonxt Group (ASX:CG1) Have A Healthy Balance Sheet?
Aug 31Carbonxt Group (ASX:CG1) Is Carrying A Fair Bit Of Debt
Dec 07Here's Why Carbonxt Group (ASX:CG1) Can Afford Some Debt
May 04Recent updates
Carbonxt Group Limited's (ASX:CG1) Share Price Boosted 34% But Its Business Prospects Need A Lift Too
Jan 22Shareholders Will Likely Find Carbonxt Group Limited's (ASX:CG1) CEO Compensation Acceptable
Nov 20Is Carbonxt Group (ASX:CG1) A Risky Investment?
Nov 03Carbonxt Group Limited (ASX:CG1) Surges 29% Yet Its Low P/S Is No Reason For Excitement
Aug 26Is Carbonxt Group (ASX:CG1) Using Debt In A Risky Way?
Jun 09Does Carbonxt Group (ASX:CG1) Have A Healthy Balance Sheet?
Aug 31Carbonxt Group (ASX:CG1) Is Carrying A Fair Bit Of Debt
Dec 07Here's Why Carbonxt Group (ASX:CG1) Can Afford Some Debt
May 04Here's What We Think About Carbonxt Group's (ASX:CG1) CEO Pay
Jan 19Financial Position Analysis
Short Term Liabilities: CG1's short term assets (A$5.4M) do not cover its short term liabilities (A$14.2M).
Long Term Liabilities: CG1's short term assets (A$5.4M) exceed its long term liabilities (A$3.5M).
Debt to Equity History and Analysis
Debt Level: CG1's net debt to equity ratio (65.9%) is considered high.
Reducing Debt: CG1's debt to equity ratio has increased from 43.1% to 79.3% 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: CG1 has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CG1 is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.