Arovella Therapeutics Limited

ASX:ALA Stock Report

Market Cap: AU$157.7m

Arovella Therapeutics Balance Sheet Health

Financial Health criteria checks 6/6

Arovella Therapeutics has a total shareholder equity of A$3.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$5.3M and A$2.2M respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$4.76m
EquityAU$3.13m
Total liabilitiesAU$2.19m
Total assetsAU$5.33m

Recent financial health updates

We're Hopeful That Suda Pharmaceuticals (ASX:SUD) Will Use Its Cash Wisely

Jul 01
We're Hopeful That Suda Pharmaceuticals (ASX:SUD) Will Use Its Cash Wisely

Recent updates

We're Hopeful That Suda Pharmaceuticals (ASX:SUD) Will Use Its Cash Wisely

Jul 01
We're Hopeful That Suda Pharmaceuticals (ASX:SUD) Will Use Its Cash Wisely

Financial Position Analysis

Short Term Liabilities: ALA's short term assets (A$5.2M) exceed its short term liabilities (A$2.2M).

Long Term Liabilities: ALA's short term assets (A$5.2M) exceed its long term liabilities (A$10.6K).


Debt to Equity History and Analysis

Debt Level: ALA is debt free.

Reducing Debt: ALA had no debt 5 years ago.


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: ALA has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ALA is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.


Discover healthy companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.