Wellfield Technologies Balance Sheet Health
Financial Health criteria checks 0/6
Wellfield Technologies has a total shareholder equity of CA$-4.5M and total debt of CA$12.1M, which brings its debt-to-equity ratio to -268.7%. Its total assets and total liabilities are CA$16.0M and CA$20.5M respectively.
Key information
-268.7%
Debt to equity ratio
CA$12.13m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$114.82k |
| Equity | -CA$4.52m |
| Total liabilities | CA$20.53m |
| Total assets | CA$16.02m |
Recent financial health updates
Recent updates
Benign Growth For Wellfield Technologies Inc. (CVE:WFLD) Underpins Stock's 33% Plummet
Nov 05
Wellfield Technologies Inc. (CVE:WFLD) Looks Inexpensive After Falling 31% But Perhaps Not Attractive Enough
Aug 07Wellfield Technologies Inc. (CVE:WFLD) Surges 50% Yet Its Low P/S Is No Reason For Excitement
Jun 12Wellfield Technologies Inc.'s (CVE:WFLD) Share Price Boosted 50% But Its Business Prospects Need A Lift Too
Jun 12Wellfield Technologies Inc.'s (CVE:WFLD) Business And Shares Still Trailing The Industry
Feb 10Wellfield Technologies (CVE:WFLD) Is In A Good Position To Deliver On Growth Plans
Mar 02Financial Position Analysis
Short Term Liabilities: WFLD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: WFLD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: WFLD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: WFLD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WFLD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.3% each year