Steer Technologies Balance Sheet Health
Financial Health criteria checks 1/6
Steer Technologies has a total shareholder equity of CA$1.9M and total debt of CA$2.0M, which brings its debt-to-equity ratio to 101.2%. Its total assets and total liabilities are CA$26.4M and CA$24.5M respectively.
Key information
101.2%
Debt to equity ratio
CA$1.97m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.79m |
Equity | CA$1.94m |
Total liabilities | CA$24.46m |
Total assets | CA$26.40m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ARGH's short term assets (CA$2.5M) do not cover its short term liabilities (CA$15.8M).
Long Term Liabilities: ARGH's short term assets (CA$2.5M) do not cover its long term liabilities (CA$8.7M).
Debt to Equity History and Analysis
Debt Level: ARGH's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: ARGH's debt to equity ratio has increased from 40.6% to 101.2% 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: ARGH has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ARGH has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23.7% each year