SQI Diagnostics Balance Sheet Health
Financial Health criteria checks 1/6
SQI Diagnostics has a total shareholder equity of CA$-14.6M and total debt of CA$15.1M, which brings its debt-to-equity ratio to -103.3%. Its total assets and total liabilities are CA$3.9M and CA$18.5M respectively.
Key information
-103.3%
Debt to equity ratio
CA$15.06m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$553.00k |
| Equity | -CA$14.58m |
| Total liabilities | CA$18.50m |
| Total assets | CA$3.93m |
Recent financial health updates
SQI Diagnostics (CVE:SQD) Has Debt But No Earnings; Should You Worry?
Apr 20
Is SQI Diagnostics (CVE:SQD) Weighed On By Its Debt Load?
Jul 27Health Check: How Prudently Does SQI Diagnostics (CVE:SQD) Use Debt?
Apr 09Is SQI Diagnostics (CVE:SQD) Using Debt Sensibly?
Nov 17Recent updates
SQI Diagnostics (CVE:SQD) Has Debt But No Earnings; Should You Worry?
Apr 20Is SQI Diagnostics (CVE:SQD) Weighed On By Its Debt Load?
Jul 27Health Check: How Prudently Does SQI Diagnostics (CVE:SQD) Use Debt?
Apr 09Are Insiders Buying SQI Diagnostics Inc. (CVE:SQD) Stock?
Mar 03Is SQI Diagnostics Inc. (CVE:SQD) Popular Amongst Insiders?
Jan 27If You Had Bought SQI Diagnostics (CVE:SQD) Stock A Year Ago, You Could Pocket A 246% Gain Today
Dec 22Is SQI Diagnostics (CVE:SQD) Using Debt Sensibly?
Nov 17Financial Position Analysis
Short Term Liabilities: SQD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SQD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SQD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SQD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: SQD has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SQD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.9% each year