Delota Balance Sheet Health
Financial Health criteria checks 5/6
Delota has a total shareholder equity of CA$1.3M and total debt of CA$754.8K, which brings its debt-to-equity ratio to 56.2%. Its total assets and total liabilities are CA$13.7M and CA$12.4M respectively.
Key information
56.2%
Debt to equity ratio
CA$754.80k
Debt
Interest coverage ratio | n/a |
Cash | CA$904.93k |
Equity | CA$1.34m |
Total liabilities | CA$12.38m |
Total assets | CA$13.73m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NIC's short term assets (CA$5.4M) do not cover its short term liabilities (CA$7.0M).
Long Term Liabilities: NIC's short term assets (CA$5.4M) exceed its long term liabilities (CA$5.3M).
Debt to Equity History and Analysis
Debt Level: NIC has more cash than its total debt.
Reducing Debt: NIC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable NIC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NIC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 63.5% per year.