Eqonex Balance Sheet Health
Financial Health criteria checks 3/6
Eqonex has a total shareholder equity of $4.1M and total debt of $3.7M, which brings its debt-to-equity ratio to 89.7%. Its total assets and total liabilities are $61.3M and $57.2M respectively.
Key information
89.7%
Debt to equity ratio
US$3.67m
Debt
Interest coverage ratio | n/a |
Cash | US$8.84m |
Equity | US$4.10m |
Total liabilities | US$57.18m |
Total assets | US$61.28m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 616A's short term assets ($54.6M) exceed its short term liabilities ($50.4M).
Long Term Liabilities: 616A's short term assets ($54.6M) exceed its long term liabilities ($6.8M).
Debt to Equity History and Analysis
Debt Level: 616A has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 616A's debt to equity ratio has reduced 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: Insufficient data to determine if 616A has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 616A has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.