Covalon Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Covalon Technologies has a total shareholder equity of CA$17.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$22.3M and CA$4.6M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$8.29m |
Equity | CA$17.67m |
Total liabilities | CA$4.62m |
Total assets | CA$22.29m |
Recent financial health updates
We Think Covalon Technologies (CVE:COV) Can Afford To Drive Business Growth
Sep 02We Think Covalon Technologies (CVE:COV) Needs To Drive Business Growth Carefully
May 26Is Covalon Technologies (CVE:COV) Using Too Much Debt?
Apr 29Covalon Technologies (CVE:COV) Is Making Moderate Use Of Debt
Dec 29Recent updates
Covalon Technologies Ltd.'s (CVE:COV) Price Is Right But Growth Is Lacking After Shares Rocket 25%
Feb 17Insufficient Growth At Covalon Technologies Ltd. (CVE:COV) Hampers Share Price
Dec 22We Think Covalon Technologies (CVE:COV) Can Afford To Drive Business Growth
Sep 02We Think Covalon Technologies (CVE:COV) Needs To Drive Business Growth Carefully
May 26Is Covalon Technologies (CVE:COV) Using Too Much Debt?
Apr 29Covalon Technologies (CVE:COV) Is Making Moderate Use Of Debt
Dec 29Financial Position Analysis
Short Term Liabilities: COV's short term assets (CA$18.6M) exceed its short term liabilities (CA$3.9M).
Long Term Liabilities: COV's short term assets (CA$18.6M) exceed its long term liabilities (CA$745.2K).
Debt to Equity History and Analysis
Debt Level: COV is debt free.
Reducing Debt: COV has no debt compared to 5 years ago when its debt to equity ratio was 123.7%.
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: COV has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: COV has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 20% each year.