Onward Medical Balance Sheet Health
Financial Health criteria checks 6/6
Onward Medical has a total shareholder equity of €18.3M and total debt of €16.0M, which brings its debt-to-equity ratio to 87.3%. Its total assets and total liabilities are €46.9M and €28.5M respectively.
Key information
87.3%
Debt to equity ratio
€16.02m
Debt
| Interest coverage ratio | n/a |
| Cash | €32.05m |
| Equity | €18.35m |
| Total liabilities | €28.51m |
| Total assets | €46.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ONWD's short term assets (€34.8M) exceed its short term liabilities (€9.5M).
Long Term Liabilities: ONWD's short term assets (€34.8M) exceed its long term liabilities (€19.0M).
Debt to Equity History and Analysis
Debt Level: ONWD has more cash than its total debt.
Reducing Debt: ONWD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.