Avecho Biotechnology Balance Sheet Health
Financial Health criteria checks 6/6
Avecho Biotechnology has a total shareholder equity of A$6.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$7.3M and A$941.5K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$5.50m |
Equity | AU$6.38m |
Total liabilities | AU$941.54k |
Total assets | AU$7.32m |
Recent financial health updates
Companies Like Avecho Biotechnology (ASX:AVE) Are In A Position To Invest In Growth
Jan 13Here's Why We're Watching Avecho Biotechnology's (ASX:AVE) Cash Burn Situation
May 31Avecho Biotechnology (ASX:AVE) Is In A Good Position To Deliver On Growth Plans
Nov 04We're Hopeful That Avecho Biotechnology (ASX:AVE) Will Use Its Cash Wisely
Jul 14We Think Avecho Biotechnology (ASX:AVE) Can Afford To Drive Business Growth
Mar 23We're Not Very Worried About Avecho Biotechnology's (ASX:AVE) Cash Burn Rate
Dec 08Recent updates
Companies Like Avecho Biotechnology (ASX:AVE) Are In A Position To Invest In Growth
Jan 13Here's Why We're Watching Avecho Biotechnology's (ASX:AVE) Cash Burn Situation
May 31Avecho Biotechnology (ASX:AVE) Is In A Good Position To Deliver On Growth Plans
Nov 04We're Hopeful That Avecho Biotechnology (ASX:AVE) Will Use Its Cash Wisely
Jul 14We Think Avecho Biotechnology (ASX:AVE) Can Afford To Drive Business Growth
Mar 23We're Not Very Worried About Avecho Biotechnology's (ASX:AVE) Cash Burn Rate
Dec 08Financial Position Analysis
Short Term Liabilities: AVE's short term assets (A$7.0M) exceed its short term liabilities (A$843.3K).
Long Term Liabilities: AVE's short term assets (A$7.0M) exceed its long term liabilities (A$98.2K).
Debt to Equity History and Analysis
Debt Level: AVE is debt free.
Reducing Debt: AVE has not had any debt for 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: AVE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AVE has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 6.1% each year.