Carbonxt Group Balance Sheet Health
Financial Health criteria checks 4/6
Carbonxt Group has a total shareholder equity of A$10.7M and total debt of A$9.3M, which brings its debt-to-equity ratio to 87%. Its total assets and total liabilities are A$32.9M and A$22.1M respectively.
Key information
87.0%
Debt to equity ratio
AU$9.34m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.14m |
| Equity | AU$10.73m |
| Total liabilities | AU$22.12m |
| Total assets | AU$32.85m |
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 (ASX:CG1) Held Back By Insufficient Growth Even After Shares Climb 28%
Jul 21Carbonxt 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$6.2M) do not cover its short term liabilities (A$18.8M).
Long Term Liabilities: CG1's short term assets (A$6.2M) exceed its long term liabilities (A$3.3M).
Debt to Equity History and Analysis
Debt Level: CG1's net debt to equity ratio (48.4%) is considered high.
Reducing Debt: CG1's debt to equity ratio has reduced from 89.1% to 87% 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: Whilst unprofitable CG1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CG1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.2% per year.