Hydrix Balance Sheet Health

Financial Health criteria checks 0/6

Hydrix has a total shareholder equity of A$-3.4M and total debt of A$5.4M, which brings its debt-to-equity ratio to -159.5%. Its total assets and total liabilities are A$8.6M and A$12.0M respectively.

Key information

-159.5%

Debt to equity ratio

AU$5.35m

Debt

Interest coverage ration/a
CashAU$914.27k
Equity-AU$3.36m
Total liabilitiesAU$11.98m
Total assetsAU$8.62m

Recent financial health updates

Recent updates

Health Check: How Prudently Does Hydrix (ASX:HYD) Use Debt?

Oct 04
Health Check: How Prudently Does Hydrix (ASX:HYD) Use Debt?

Health Check: How Prudently Does Hydrix (ASX:HYD) Use Debt?

Jun 21
Health Check: How Prudently Does Hydrix (ASX:HYD) Use Debt?

Hydrix (ASX:HYD) Has Debt But No Earnings; Should You Worry?

Mar 08
Hydrix (ASX:HYD) Has Debt But No Earnings; Should You Worry?

Financial Position Analysis

Short Term Liabilities: HYD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HYD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HYD has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HYD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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

Forecast Cash Runway: HYD has less than a year of cash runway if free cash flow continues to grow at historical rates of 2.3% each year.


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