FRX Innovations Balance Sheet Health
Financial Health criteria checks 1/6
FRX Innovations has a total shareholder equity of $3.9M and total debt of $12.1M, which brings its debt-to-equity ratio to 310.7%. Its total assets and total liabilities are $20.6M and $16.7M respectively.
Key information
310.7%
Debt to equity ratio
US$12.10m
Debt
| Interest coverage ratio | n/a |
| Cash | US$117.75k |
| Equity | US$3.90m |
| Total liabilities | US$16.70m |
| Total assets | US$20.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRXI's short term assets ($2.8M) do not cover its short term liabilities ($14.1M).
Long Term Liabilities: FRXI's short term assets ($2.8M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: FRXI's net debt to equity ratio (307.6%) is considered high.
Reducing Debt: Insufficient data to determine if FRXI's debt to equity ratio has reduced 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: Insufficient data to determine if FRXI has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FRXI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.