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
Recent updates
Financial 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.