Evome Medical Technologies Balance Sheet Health
Financial Health criteria checks 1/6
Evome Medical Technologies has a total shareholder equity of CA$4.0M and total debt of CA$16.8M, which brings its debt-to-equity ratio to 419.2%. Its total assets and total liabilities are CA$48.3M and CA$44.3M respectively.
Key information
419.2%
Debt to equity ratio
CA$16.78m
Debt
Interest coverage ratio | n/a |
Cash | CA$918.68k |
Equity | CA$4.00m |
Total liabilities | CA$44.25m |
Total assets | CA$48.26m |
Financial Position Analysis
Short Term Liabilities: EVMT's short term assets (CA$21.0M) do not cover its short term liabilities (CA$37.6M).
Long Term Liabilities: EVMT's short term assets (CA$21.0M) exceed its long term liabilities (CA$6.7M).
Debt to Equity History and Analysis
Debt Level: EVMT's net debt to equity ratio (396.3%) is considered high.
Reducing Debt: EVMT's debt to equity ratio has increased from 0.09% to 419.2% 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: EVMT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: EVMT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 52.5% each year