Cathedra Bitcoin Balance Sheet Health
Financial Health criteria checks 1/6
Cathedra Bitcoin has a total shareholder equity of CA$9.3M and total debt of CA$5.2M, which brings its debt-to-equity ratio to 55.8%. Its total assets and total liabilities are CA$18.9M and CA$9.6M respectively.
Key information
55.8%
Debt to equity ratio
CA$5.17m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$726.97k |
| Equity | CA$9.25m |
| Total liabilities | CA$9.60m |
| Total assets | CA$18.86m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CBIT's short term assets (CA$4.0M) exceed its short term liabilities (CA$3.8M).
Long Term Liabilities: CBIT's short term assets (CA$4.0M) do not cover its long term liabilities (CA$5.8M).
Debt to Equity History and Analysis
Debt Level: CBIT's net debt to equity ratio (48%) is considered high.
Reducing Debt: CBIT's debt to equity ratio has increased from 0% to 55.8% 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: CBIT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CBIT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 37.1% each year