Avricore Health Balance Sheet Health

Financial Health criteria checks 6/6

Avricore Health has a total shareholder equity of CA$2.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.6M and CA$341.2K respectively. Avricore Health's EBIT is CA$57.6K making its interest coverage ratio -52.4. It has cash and short-term investments of CA$565.6K.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ratio-52.4x
CashCA$565.61k
EquityCA$2.28m
Total liabilitiesCA$341.18k
Total assetsCA$2.62m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 8VP1's short term assets (CA$950.3K) exceed its short term liabilities (CA$341.2K).

Long Term Liabilities: 8VP1 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 8VP1 is debt free.

Reducing Debt: 8VP1 had no debt 5 years ago.


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: Whilst unprofitable 8VP1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 8VP1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.3% per year.


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