Optimi Health Balance Sheet Health
Financial Health criteria checks 3/6
Optimi Health has a total shareholder equity of CA$10.7M and total debt of CA$2.7M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CA$15.1M and CA$4.4M respectively.
Key information
24.9%
Debt to equity ratio
CA$2.65m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$245.84k |
| Equity | CA$10.66m |
| Total liabilities | CA$4.40m |
| Total assets | CA$15.06m |
Financial Position Analysis
Short Term Liabilities: OPTI's short term assets (CA$1.6M) do not cover its short term liabilities (CA$1.7M).
Long Term Liabilities: OPTI's short term assets (CA$1.6M) do not cover its long term liabilities (CA$2.7M).
Debt to Equity History and Analysis
Debt Level: OPTI's net debt to equity ratio (22.6%) 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.