Optimi Health Balance Sheet Health
Financial Health criteria checks 4/6
Optimi Health has a total shareholder equity of CA$12.1M and total debt of CA$2.6M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are CA$15.7M and CA$3.6M respectively.
Key information
21.3%
Debt to equity ratio
CA$2.57m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$493.18k |
| Equity | CA$12.09m |
| Total liabilities | CA$3.57m |
| Total assets | CA$15.66m |
Financial Position Analysis
Short Term Liabilities: OPTI's short term assets (CA$1.8M) exceed its short term liabilities (CA$978.6K).
Long Term Liabilities: OPTI's short term assets (CA$1.8M) do not cover its long term liabilities (CA$2.6M).
Debt to Equity History and Analysis
Debt Level: OPTI's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if OPTI'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: OPTI has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OPTI is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.