Wellfield Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Wellfield Technologies has a total shareholder equity of CA$15.4M and total debt of CA$9.7M, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are CA$31.9M and CA$16.5M respectively.
Key information
62.9%
Debt to equity ratio
CA$9.70m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$115.11k |
| Equity | CA$15.41m |
| Total liabilities | CA$16.53m |
| Total assets | CA$31.94m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: WFLD's short term assets (CA$2.3M) do not cover its short term liabilities (CA$9.7M).
Long Term Liabilities: WFLD's short term assets (CA$2.3M) do not cover its long term liabilities (CA$6.8M).
Debt to Equity History and Analysis
Debt Level: WFLD's net debt to equity ratio (62.2%) is considered high.
Reducing Debt: WFLD 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: WFLD has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WFLD is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.