Aurora Spine Balance Sheet Health
Financial Health criteria checks 3/6
Aurora Spine has a total shareholder equity of $5.1M and total debt of $2.6M, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are $12.0M and $7.0M respectively.
Key information
51.2%
Debt to equity ratio
US$2.60m
Debt
| Interest coverage ratio | n/a |
| Cash | US$366.76k |
| Equity | US$5.07m |
| Total liabilities | US$6.96m |
| Total assets | US$12.03m |
Recent financial health updates
Is Aurora Spine (CVE:ASG) A Risky Investment?
May 29
Would 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 23Health Check: How Prudently Does Aurora Spine (CVE:ASG) Use Debt?
May 04Recent updates
We 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 ($8.6M) exceed its short term liabilities ($3.6M).
Long Term Liabilities: ASG's short term assets ($8.6M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: ASG's net debt to equity ratio (44%) is considered high.
Reducing Debt: ASG's debt to equity ratio has reduced from 74.7% to 51.2% 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 less than a year of cash runway 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 27.7% each year