Aurora Spine Corporation

TSXV:ASG Stock Report

Market Cap: CA$31.4m

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 ration/a
CashUS$882.05k
EquityUS$5.02m
Total liabilitiesUS$7.07m
Total assetsUS$12.09m

Recent financial health updates

Recent updates

Aurora Spine Corporation (CVE:ASG) Soars 26% But It's A Story Of Risk Vs Reward

Oct 19
Aurora Spine Corporation (CVE:ASG) Soars 26% But It's A Story Of Risk Vs Reward

We Think Aurora Spine (CVE:ASG) Has A Fair Chunk Of Debt

Oct 16
We Think Aurora Spine (CVE:ASG) Has A Fair Chunk Of Debt

Aurora Spine Corporation's (CVE:ASG) Subdued P/S Might Signal An Opportunity

Aug 14
Aurora Spine Corporation's (CVE:ASG) Subdued P/S Might Signal An Opportunity

We Think Shareholders May Want To Consider A Review Of Aurora Spine Corporation's (CVE:ASG) CEO Compensation Package

Jun 19
We Think Shareholders May Want To Consider A Review Of Aurora Spine Corporation's (CVE:ASG) CEO Compensation Package

Is Aurora Spine (CVE:ASG) A Risky Investment?

May 29
Is Aurora Spine (CVE:ASG) A Risky Investment?

There Is A Reason Aurora Spine Corporation's (CVE:ASG) Price Is Undemanding

Mar 19
There Is A Reason Aurora Spine Corporation's (CVE:ASG) Price Is Undemanding

Would Aurora Spine (CVE:ASG) Be Better Off With Less Debt?

Oct 15
Would Aurora Spine (CVE:ASG) Be Better Off With Less Debt?

Why Investors Shouldn't Be Surprised By Aurora Spine Corporation's (CVE:ASG) Low P/S

Aug 11
Why Investors Shouldn't Be Surprised By Aurora Spine Corporation's (CVE:ASG) Low P/S

Here's Why Aurora Spine (CVE:ASG) Can Afford Some Debt

May 01
Here's Why Aurora Spine (CVE:ASG) Can Afford Some Debt

Aurora Spine (CVE:ASG) Is Making Moderate Use Of Debt

Dec 22
Aurora Spine (CVE:ASG) Is Making Moderate Use Of Debt

Would Aurora Spine (CVE:ASG) Be Better Off With Less Debt?

Aug 23
Would Aurora Spine (CVE:ASG) Be Better Off With Less Debt?

Health Check: How Prudently Does Aurora Spine (CVE:ASG) Use Debt?

May 04
Health Check: How Prudently Does Aurora Spine (CVE:ASG) Use Debt?

Health Check: How Prudently Does Aurora Spine (CVE:ASG) Use Debt?

Dec 23
Health Check: How Prudently Does Aurora Spine (CVE:ASG) Use Debt?

Aurora Spine (CVE:ASG) Is Making Moderate Use Of Debt

Jun 11
Aurora Spine (CVE:ASG) Is Making Moderate Use Of Debt

A Look At The Intrinsic Value Of Aurora Spine Corporation (CVE:ASG)

Feb 26
A Look At The Intrinsic Value Of Aurora Spine Corporation (CVE:ASG)

Is Aurora Spine (CVE:ASG) A Risky Investment?

Nov 19
Is Aurora Spine (CVE:ASG) A Risky Investment?

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


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