Avante Balance Sheet Health
Financial Health criteria checks 6/6
Avante has a total shareholder equity of CA$13.4M and total debt of CA$90.0K, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CA$25.2M and CA$11.8M respectively.
Key information
0.7%
Debt to equity ratio
CA$89.98k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.24m |
| Equity | CA$13.40m |
| Total liabilities | CA$11.78m |
| Total assets | CA$25.19m |
Recent financial health updates
Does Avante Logixx (CVE:XX) Have A Healthy Balance Sheet?
Nov 29
Is Avante Logixx (CVE:XX) A Risky Investment?
May 20Would Avante Logixx (CVE:XX) Be Better Off With Less Debt?
Jan 20
Recent updates
Are Investors Undervaluing Avante Logixx Inc. (CVE:XX) By 43%?
Feb 10Does Avante Logixx (CVE:XX) Have A Healthy Balance Sheet?
Nov 29Is Avante Logixx (CVE:XX) A Risky Investment?
May 20How Does Avante Logixx's (CVE:XX) CEO Pay Compare With Company Performance?
Feb 24Would Avante Logixx (CVE:XX) Be Better Off With Less Debt?
Jan 20Trade Alert: The Independent Chairman Of Avante Logixx Inc. (CVE:XX), Samuel Duboc, Has Just Spent CA$63k Buying 25% More Shares
Dec 08Financial Position Analysis
Short Term Liabilities: XX's short term assets (CA$15.6M) exceed its short term liabilities (CA$9.1M).
Long Term Liabilities: XX's short term assets (CA$15.6M) exceed its long term liabilities (CA$2.7M).
Debt to Equity History and Analysis
Debt Level: XX has more cash than its total debt.
Reducing Debt: XX's debt to equity ratio has reduced from 18.3% to 0.7% 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: XX has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: XX has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 13.2% each year.