New Wave Holdings Balance Sheet Health
Financial Health criteria checks 5/6
New Wave Holdings has a total shareholder equity of CA$1.2M and total debt of CA$285.6K, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are CA$2.4M and CA$1.2M respectively.
Key information
23.0%
Debt to equity ratio
CA$285.59k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.27m |
| Equity | CA$1.24m |
| Total liabilities | CA$1.19m |
| Total assets | CA$2.43m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0XM0's short term assets (CA$2.4M) exceed its short term liabilities (CA$1.2M).
Long Term Liabilities: 0XM0 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 0XM0 has more cash than its total debt.
Reducing Debt: 0XM0's debt to equity ratio has increased from 9.5% to 23% 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: 0XM0 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 0XM0 has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 25.5% each year.