Iondrive Balance Sheet Health
Financial Health criteria checks 4/6
Iondrive has a total shareholder equity of A$4.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$5.0M and A$958.2K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.76m |
| Equity | AU$4.04m |
| Total liabilities | AU$958.23k |
| Total assets | AU$4.99m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ION's short term assets (A$3.5M) exceed its short term liabilities (A$957.8K).
Long Term Liabilities: ION's short term assets (A$3.5M) exceed its long term liabilities (A$412.0).
Debt to Equity History and Analysis
Debt Level: ION is debt free.
Reducing Debt: ION has no debt compared to 5 years ago when its debt to equity ratio was 9.7%.
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: ION has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ION has less than a year of cash runway if free cash flow continues to reduce at historical rates of 3.8% each year