FirstWave Cloud Technology Balance Sheet Health
Financial Health criteria checks 2/6
FirstWave Cloud Technology has a total shareholder equity of A$32.2M and total debt of A$2.2M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are A$41.9M and A$9.7M respectively.
Key information
6.9%
Debt to equity ratio
AU$2.24m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.81m |
| Equity | AU$32.21m |
| Total liabilities | AU$9.66m |
| Total assets | AU$41.87m |
Financial Position Analysis
Short Term Liabilities: FCT's short term assets (A$4.8M) do not cover its short term liabilities (A$5.5M).
Long Term Liabilities: FCT's short term assets (A$4.8M) exceed its long term liabilities (A$4.1M).
Debt to Equity History and Analysis
Debt Level: FCT's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: FCT's debt to equity ratio has increased from 0% to 6.9% over the 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: FCT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FCT has less than a year of cash runway if free cash flow continues to grow at historical rates of 7% each year.