8common Balance Sheet Health
Financial Health criteria checks 3/6
8common has a total shareholder equity of A$1.0M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$4.5M and A$3.4M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$848.26k |
| Equity | AU$1.05m |
| Total liabilities | AU$3.41m |
| Total assets | AU$4.46m |
Recent financial health updates
We're Hopeful That 8common (ASX:8CO) Will Use Its Cash Wisely
Jan 10
We Think 8common (ASX:8CO) Can Afford To Drive Business Growth
Sep 22We're Hopeful That 8common (ASX:8CO) Will Use Its Cash Wisely
Feb 20Recent updates
Here's Why 8common Limited's (ASX:8CO) CEO Compensation Is The Least Of Shareholders Concerns
Oct 27We're Hopeful That 8common (ASX:8CO) Will Use Its Cash Wisely
Jan 10We Think 8common (ASX:8CO) Can Afford To Drive Business Growth
Sep 22We're Hopeful That 8common (ASX:8CO) Will Use Its Cash Wisely
Feb 20Financial Position Analysis
Short Term Liabilities: 8CO's short term assets (A$1.8M) do not cover its short term liabilities (A$3.3M).
Long Term Liabilities: 8CO's short term assets (A$1.8M) exceed its long term liabilities (A$113.8K).
Debt to Equity History and Analysis
Debt Level: 8CO is debt free.
Reducing Debt: 8CO 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: 8CO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8CO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.1% each year