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HeiQ Balance Sheet Health
Financial Health criteria checks 3/6
HeiQ has a total shareholder equity of $25.4M and total debt of $11.2M, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are $62.6M and $37.1M respectively.
Key information
44.1%
Debt to equity ratio
US$11.21m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.03m |
| Equity | US$25.43m |
| Total liabilities | US$37.13m |
| Total assets | US$62.56m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9JC's short term assets ($22.5M) exceed its short term liabilities ($22.0M).
Long Term Liabilities: 9JC's short term assets ($22.5M) exceed its long term liabilities ($15.1M).
Debt to Equity History and Analysis
Debt Level: 9JC's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: 9JC's debt to equity ratio has increased from 15.5% to 44.1% 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: 9JC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 9JC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 61% each year