NeuPath Health Balance Sheet Health
Financial Health criteria checks 5/6
NeuPath Health has a total shareholder equity of CA$21.8M and total debt of CA$5.6M, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are CA$41.8M and CA$19.9M respectively. NeuPath Health's EBIT is CA$442.0K making its interest coverage ratio 0.5. It has cash and short-term investments of CA$3.2M.
Key information
25.8%
Debt to equity ratio
CA$5.64m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CA$3.18m |
| Equity | CA$21.84m |
| Total liabilities | CA$19.94m |
| Total assets | CA$41.78m |
Recent financial health updates
Recent updates
The Market Doesn't Like What It Sees From NeuPath Health Inc.'s (CVE:NPTH) Revenues Yet
Apr 23
Does NeuPath Health (CVE:NPTH) Have A Healthy Balance Sheet?
Mar 01Revenues Not Telling The Story For NeuPath Health Inc. (CVE:NPTH) After Shares Rise 27%
Dec 20Little Excitement Around NeuPath Health Inc.'s (CVE:NPTH) Revenues
Aug 19Financial Position Analysis
Short Term Liabilities: NPTH's short term assets (CA$10.7M) exceed its short term liabilities (CA$9.1M).
Long Term Liabilities: NPTH's short term assets (CA$10.7M) do not cover its long term liabilities (CA$10.8M).
Debt to Equity History and Analysis
Debt Level: NPTH's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: NPTH's debt to equity ratio has reduced from 117.1% to 25.8% 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: Whilst unprofitable NPTH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NPTH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 48.6% per year.