Hillcrest Energy Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Hillcrest Energy Technologies has a total shareholder equity of CA$3.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$4.6M and CA$1.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$214.71k |
| Equity | CA$3.25m |
| Total liabilities | CA$1.36m |
| Total assets | CA$4.62m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: HEAT's short term assets (CA$2.5M) exceed its short term liabilities (CA$912.9K).
Long Term Liabilities: HEAT's short term assets (CA$2.5M) exceed its long term liabilities (CA$450.7K).
Debt to Equity History and Analysis
Debt Level: HEAT is debt free.
Reducing Debt: HEAT currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: HEAT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HEAT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 34.7% each year