Aurora Spine Balance Sheet Health
Financial Health criteria checks 5/6
Aurora Spine has a total shareholder equity of $5.0M and total debt of $2.7M, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are $12.1M and $7.1M respectively.
Key information
53.1%
Debt to equity ratio
US$2.67m
Debt
| Interest coverage ratio | n/a |
| Cash | US$882.05k |
| Equity | US$5.02m |
| Total liabilities | US$7.07m |
| Total assets | US$12.09m |
Recent financial health updates
We Think Aurora Spine (CVE:ASG) Has A Fair Chunk Of Debt
Oct 16
Is Aurora Spine (CVE:ASG) A Risky Investment?
May 29Would Aurora Spine (CVE:ASG) Be Better Off With Less Debt?
Oct 15Here's Why Aurora Spine (CVE:ASG) Can Afford Some Debt
May 01Aurora Spine (CVE:ASG) Is Making Moderate Use Of Debt
Dec 22Would Aurora Spine (CVE:ASG) Be Better Off With Less Debt?
Aug 23Recent updates
Aurora Spine Corporation (CVE:ASG) Soars 26% But It's A Story Of Risk Vs Reward
Oct 19We Think Aurora Spine (CVE:ASG) Has A Fair Chunk Of Debt
Oct 16Aurora Spine Corporation's (CVE:ASG) Subdued P/S Might Signal An Opportunity
Aug 14We Think Shareholders May Want To Consider A Review Of Aurora Spine Corporation's (CVE:ASG) CEO Compensation Package
Jun 19Is Aurora Spine (CVE:ASG) A Risky Investment?
May 29There Is A Reason Aurora Spine Corporation's (CVE:ASG) Price Is Undemanding
Mar 19Would Aurora Spine (CVE:ASG) Be Better Off With Less Debt?
Oct 15Why Investors Shouldn't Be Surprised By Aurora Spine Corporation's (CVE:ASG) Low P/S
Aug 11Here's Why Aurora Spine (CVE:ASG) Can Afford Some Debt
May 01Aurora Spine (CVE:ASG) Is Making Moderate Use Of Debt
Dec 22Would Aurora Spine (CVE:ASG) Be Better Off With Less Debt?
Aug 23Health Check: How Prudently Does Aurora Spine (CVE:ASG) Use Debt?
May 04Health Check: How Prudently Does Aurora Spine (CVE:ASG) Use Debt?
Dec 23Aurora Spine (CVE:ASG) Is Making Moderate Use Of Debt
Jun 11A Look At The Intrinsic Value Of Aurora Spine Corporation (CVE:ASG)
Feb 26Is Aurora Spine (CVE:ASG) A Risky Investment?
Nov 19
Financial Position Analysis
Short Term Liabilities: ASG's short term assets ($8.8M) exceed its short term liabilities ($3.7M).
Long Term Liabilities: ASG's short term assets ($8.8M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: ASG's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: ASG's debt to equity ratio has reduced from 90.2% to 53.1% 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: ASG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ASG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.5% each year