Echo IQ Balance Sheet Health

Financial Health criteria checks 4/6

Echo IQ has a total shareholder equity of A$6.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$8.0M and A$1.1M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$1.77m
Equity	AU$6.86m
Total liabilities	AU$1.13m
Total assets	AU$7.99m

Recent financial health updates

Recent 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 07

Here's Why We're Watching Echo IQ's (ASX:EIQ) Cash Burn Situation

Jun 21

We Think Houston We Have (ASX:HWH) Can Easily Afford To Drive Business Growth

May 07

Financial Position Analysis

Short Term Liabilities: EIQ's short term assets (A$1.9M) exceed its short term liabilities (A$1.1M).

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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: EIQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.1% each year

Echo IQ Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Here's Why We're Watching Echo IQ's (ASX:EIQ) Cash Burn Situation

Is Echo IQ (ASX:EIQ) In A Good Position To Deliver On Growth Plans?

Here's Why We're Watching Echo IQ's (ASX:EIQ) Cash Burn Situation

We Think Houston We Have (ASX:HWH) Can Easily Afford To Drive Business Growth

Recent updates

New minor risk - Share price stability

Here's Why We're Watching Echo IQ's (ASX:EIQ) Cash Burn Situation

Echo IQ Limited Announces the Resignation of Shannon Robinson from the Role of Joint Company Secretary

Is Echo IQ (ASX:EIQ) In A Good Position To Deliver On Growth Plans?

Echo IQ Limited, Annual General Meeting, Nov 21, 2023

Full year 2023 earnings released: AU$0.018 loss per share (vs AU$0.017 loss in FY 2022)

Full year 2023 earnings released: AU$0.018 loss per share (vs AU$0.017 loss in FY 2022)

New minor risk - Financial data availability

Independent Non-Executive Director exercised options to buy AU$714k worth of stock.

Here's Why We're Watching Echo IQ's (ASX:EIQ) Cash Burn Situation

Echo IQ Announces the Appointment of Simon Tolhurst as A Non-Executive Director

First half 2023 earnings released: AU$0.01 loss per share (vs AU$0.009 loss in 1H 2022)

Echo Iq Limited Announces Positive Interim Results from Clinical Trial At St Vincent's

Echo IQ Launches EchoSolv for Immediate Distribution

Echo IQ Limited Announces Positive Results from US Clinical Study

Less than half of directors are independent

Echo IQ Limited Appoints Adam Uren as Joint Company Secretary

Echo IQ Limited, Annual General Meeting, Nov 28, 2022

Full year 2022 earnings released: AU$0.017 loss per share (vs AU$0.012 loss in FY 2021)

Echo IQ Appoints Donald Fowler as President, Echo IQ USA

Full year 2022 earnings released: AU$0.016 loss per share (vs AU$0.011 loss in FY 2021)

Interim MD & Executive Chairman exercised options to buy AU$600k worth of stock.

Paul and David Smulders completed the acquisition of Prometheus Information Pty Limited from Echo IQ Limited (ASX:EIQ).

Independent Non-Executive Director exercised options to buy AU$500k worth of stock.

Less than half of directors are independent

Full year 2021 earnings released: AU$0.011 loss per share (vs AU$0.012 loss in FY 2020)

Independent Non-Executive Director recently bought AU$200k worth of stock

Full year 2021 earnings released: AU$0.01 loss per share (vs AU$0.012 loss in FY 2020)

Houston We Have Limited (ASX:HWH) completed the acquisition of Alerte Echo IQ Pty Ltd.

We Think Houston We Have (ASX:HWH) Can Easily Afford To Drive Business Growth

Houston We Have and Wipro Form a Strategic Alliance

Houston We Have Limited Update Shareholders on A New Client Engagement in the United Kingdom

Houston We Have Limited Announces Executives Changes

Full year earnings released - AU$0.012 loss per share

Houston We Have Limited Announces Resignation of Antanas Guoga as Non-Executive Director

Full year earnings released - AU$0.012 loss per share

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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