Electrovaya Balance Sheet Health
Financial Health criteria checks 3/6
Electrovaya has a total shareholder equity of $21.1M and total debt of $13.1M, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are $45.4M and $24.3M respectively. Electrovaya's EBIT is $1.3M making its interest coverage ratio 0.6. It has cash and short-term investments of $283.0K.
Key information
61.94%
Debt to equity ratio
US$13.09m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$283.00k |
| Equity | US$21.13m |
| Total liabilities | US$24.29m |
| Total assets | US$45.42m |
Recent financial health updates
Is Electrovaya (TSE:ELVA) Using Too Much Debt?
Mar 19
Here's Why Electrovaya (TSE:ELVA) Has A Meaningful Debt Burden
Aug 03These 4 Measures Indicate That Electrovaya (TSE:ELVA) Is Using Debt Extensively
Dec 05Is Electrovaya (TSE:ELVA) A Risky Investment?
Aug 30Recent updates
Jamestown Cell Manufacturing And Battery Insights Will Build Resilience
Electrovaya's strategic focus on diverse, recurring revenue streams and manufacturing expansion suggests potential for improved revenue growth and operational efficiency.Why Investors Shouldn't Be Surprised By Electrovaya Inc.'s (TSE:ELVA) Low P/S
May 16Is Electrovaya (TSE:ELVA) Using Too Much Debt?
Mar 19There's Been No Shortage Of Growth Recently For Electrovaya's (TSE:ELVA) Returns On Capital
Mar 05Electrovaya Inc. (TSE:ELVA) Stock Rockets 26% But Many Are Still Ignoring The Company
Nov 26Not Many Are Piling Into Electrovaya Inc. (TSE:ELVA) Just Yet
Sep 16Electrovaya Inc. (TSE:ELVA) Analysts Are Reducing Their Forecasts For Next Year
Aug 15Here's Why Electrovaya (TSE:ELVA) Has A Meaningful Debt Burden
Aug 03Market Cool On Electrovaya Inc.'s (TSE:ELVA) Revenues
May 21These 4 Measures Indicate That Electrovaya (TSE:ELVA) Is Using Debt Extensively
Dec 05Is Electrovaya (TSE:ELVA) A Risky Investment?
Aug 30Financial Position Analysis
Short Term Liabilities: ELVA's short term assets ($35.3M) exceed its short term liabilities ($9.1M).
Long Term Liabilities: ELVA's short term assets ($35.3M) exceed its long term liabilities ($15.2M).
Debt to Equity History and Analysis
Debt Level: ELVA's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: ELVA 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: ELVA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELVA has less than a year of cash runway if free cash flow continues to grow at historical rates of 10% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/25 01:10 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Electrovaya Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Carter Driscoll | B. Riley Securities, Inc. |
| Michael Willemse | CIBC Capital Markets |
| Bryce Dille | Citizens JMP Securities, LLC |