Echo IQ Balance Sheet Health
Financial Health criteria checks 6/6
Echo IQ has a total shareholder equity of A$6.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$8.3M and A$1.5M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.12m |
| Equity | AU$6.77m |
| Total liabilities | AU$1.49m |
| Total assets | AU$8.26m |
Recent financial health updates
Here's Why We're Watching Echo IQ's (ASX:EIQ) Cash Burn Situation
Feb 13
Is Echo IQ (ASX:EIQ) In A Good Position To Deliver On Growth Plans?
Oct 07Here's Why We're Watching Echo IQ's (ASX:EIQ) Cash Burn Situation
Jun 21We Think Houston We Have (ASX:HWH) Can Easily Afford To Drive Business Growth
May 07Recent updates
Financial Position Analysis
Short Term Liabilities: EIQ's short term assets (A$2.5M) exceed its short term liabilities (A$1.5M).
Long Term Liabilities: EIQ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EIQ is debt free.
Reducing Debt: EIQ currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: EIQ has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EIQ is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.