Ovanti Balance Sheet Health
Financial Health criteria checks 4/6
Ovanti has a total shareholder equity of A$12.6M and total debt of A$830.0K, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are A$16.2M and A$3.6M respectively.
Key information
6.6%
Debt to equity ratio
AU$830.00k
Debt
Interest coverage ratio | n/a |
Cash | AU$672.53k |
Equity | AU$12.61m |
Total liabilities | AU$3.62m |
Total assets | AU$16.23m |
Financial Position Analysis
Short Term Liabilities: OVT's short term assets (A$2.4M) do not cover its short term liabilities (A$3.5M).
Long Term Liabilities: OVT's short term assets (A$2.4M) exceed its long term liabilities (A$74.9K).
Debt to Equity History and Analysis
Debt Level: OVT's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: OVT's debt to equity ratio has increased from 0% to 6.6% 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: OVT has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OVT is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.