X2M Connect Balance Sheet Health
Financial Health criteria checks 3/6
X2M Connect has a total shareholder equity of A$544.9K and total debt of A$3.0M, which brings its debt-to-equity ratio to 552.7%. Its total assets and total liabilities are A$13.5M and A$13.0M respectively.
Key information
552.7%
Debt to equity ratio
AU$3.01m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.94m |
| Equity | AU$544.90k |
| Total liabilities | AU$12.98m |
| Total assets | AU$13.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: X2M's short term assets (A$7.4M) do not cover its short term liabilities (A$9.4M).
Long Term Liabilities: X2M's short term assets (A$7.4M) exceed its long term liabilities (A$3.6M).
Debt to Equity History and Analysis
Debt Level: X2M's net debt to equity ratio (196.9%) is considered high.
Reducing Debt: Insufficient data to determine if X2M's debt to equity ratio has reduced 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: X2M has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: X2M is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.