Healwell AI Balance Sheet Health
Financial Health criteria checks 5/6
Healwell AI has a total shareholder equity of CA$21.5M and total debt of CA$15.7M, which brings its debt-to-equity ratio to 72.9%. Its total assets and total liabilities are CA$53.7M and CA$32.2M respectively.
Key information
72.9%
Debt to equity ratio
CA$15.65m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$19.16m |
| Equity | CA$21.46m |
| Total liabilities | CA$32.23m |
| Total assets | CA$53.70m |
Financial Position Analysis
Short Term Liabilities: AIDX's short term assets (CA$22.8M) exceed its short term liabilities (CA$9.4M).
Long Term Liabilities: AIDX's short term assets (CA$22.8M) do not cover its long term liabilities (CA$22.8M).
Debt to Equity History and Analysis
Debt Level: AIDX has more cash than its total debt.
Reducing Debt: AIDX's debt to equity ratio has reduced from 73.7% to 72.9% 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: AIDX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AIDX has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 45.3% each year.