Innovotech Balance Sheet Health
Financial Health criteria checks 4/6
Innovotech has a total shareholder equity of CA$998.6K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$1.2M and CA$217.9K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$228.66k |
Equity | CA$998.60k |
Total liabilities | CA$217.93k |
Total assets | CA$1.22m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: IOT's short term assets (CA$565.1K) exceed its short term liabilities (CA$175.5K).
Long Term Liabilities: IOT's short term assets (CA$565.1K) exceed its long term liabilities (CA$42.5K).
Debt to Equity History and Analysis
Debt Level: IOT is debt free.
Reducing Debt: IOT has no debt compared to 5 years ago when its debt to equity ratio was 107%.
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: IOT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IOT has less than a year of cash runway if free cash flow continues to grow at historical rates of 19.2% each year.