Onward Medical Balance Sheet Health
Financial Health criteria checks 5/6
Onward Medical has a total shareholder equity of €34.3M and total debt of €14.3M, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are €59.0M and €24.8M respectively.
Key information
41.7%
Debt to equity ratio
€14.28m
Debt
Interest coverage ratio | n/a |
Cash | €43.79m |
Equity | €34.27m |
Total liabilities | €24.76m |
Total assets | €59.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ONWD's short term assets (€46.7M) exceed its short term liabilities (€7.6M).
Long Term Liabilities: ONWD's short term assets (€46.7M) exceed its long term liabilities (€17.2M).
Debt to Equity History and Analysis
Debt Level: ONWD has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ONWD'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: ONWD has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ONWD has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 30.2% each year.