Spectral Medical Balance Sheet Health
Financial Health criteria checks 2/6
Spectral Medical has a total shareholder equity of CA$-20.1M and total debt of CA$8.7M, which brings its debt-to-equity ratio to -43.1%. Its total assets and total liabilities are CA$4.9M and CA$25.0M respectively.
Key information
-43.1%
Debt to equity ratio
CA$8.67m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.07m |
Equity | -CA$20.14m |
Total liabilities | CA$25.03m |
Total assets | CA$4.89m |
Recent financial health updates
We're Keeping An Eye On Spectral Medical's (TSE:EDT) Cash Burn Rate
Feb 12Spectral Medical (TSE:EDT) Is In A Good Position To Deliver On Growth Plans
Feb 21Recent updates
We're Keeping An Eye On Spectral Medical's (TSE:EDT) Cash Burn Rate
Feb 12Spectral Medical Inc.'s (TSE:EDT) Path To Profitability
Mar 28Spectral Medical (TSE:EDT) Is In A Good Position To Deliver On Growth Plans
Feb 21Spectral Medical's(TSE:EDT) Share Price Is Down 49% Over The Past Five Years.
Jan 16Spectral Medical Inc. (TSE:EDT): Is Breakeven Near?
Dec 12Financial Position Analysis
Short Term Liabilities: EDT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: EDT 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: EDT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: EDT'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: EDT has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EDT is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.