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LexaGene Holdings Balance Sheet Health
Financial Health criteria checks 3/6
LexaGene Holdings has a total shareholder equity of $1.3M and total debt of $845.5K, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are $3.5M and $2.2M respectively.
Key information
66.4%
Debt to equity ratio
US$845.50k
Debt
| Interest coverage ratio | n/a |
| Cash | US$464.13k |
| Equity | US$1.27m |
| Total liabilities | US$2.22m |
| Total assets | US$3.49m |
Recent financial health updates
We're A Little Worried About LexaGene Holdings' (CVE:LXG) Cash Burn Rate
Oct 07
Here's Why We're Not Too Worried About LexaGene Holdings' (CVE:LXG) Cash Burn Situation
May 17We Think LexaGene Holdings (CVE:LXG) Can Afford To Drive Business Growth
Feb 01Recent updates
It's Unlikely That LexaGene Holdings Inc.'s (CVE:LXG) CEO Will See A Huge Pay Rise This Year
Feb 02We're A Little Worried About LexaGene Holdings' (CVE:LXG) Cash Burn Rate
Oct 07Here's Why We're Not Too Worried About LexaGene Holdings' (CVE:LXG) Cash Burn Situation
May 17We Think LexaGene Holdings (CVE:LXG) Can Afford To Drive Business Growth
Feb 01Financial Position Analysis
Short Term Liabilities: LXG.H's short term assets ($2.3M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: LXG.H's short term assets ($2.3M) exceed its long term liabilities ($561.2K).
Debt to Equity History and Analysis
Debt Level: LXG.H's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: LXG.H's debt to equity ratio has increased from 0% to 66.4% 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: LXG.H has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LXG.H has less than a year of cash runway if free cash flow continues to reduce at historical rates of 22.2% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/05/21 18:42 |
| End of Day Share Price | 2023/02/21 00:00 |
| Earnings | 2022/11/30 |
| Annual Earnings | 2022/02/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
LexaGene Holdings Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sally Yanchus | Brookline Capital Markets |
| Neil Linsdell | iA Capital Markets |
| Chelsea Stellick | iA Capital Markets |