1CM Balance Sheet Health
Financial Health criteria checks 5/6
1CM has a total shareholder equity of CA$26.7M and total debt of CA$1.5M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CA$36.6M and CA$9.9M respectively. 1CM's EBIT is CA$1.6M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$3.9M.
Key information
5.7%
Debt to equity ratio
CA$1.51m
Debt
| Interest coverage ratio | 2.4x |
| Cash | CA$3.85m |
| Equity | CA$26.67m |
| Total liabilities | CA$9.92m |
| Total assets | CA$36.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IQ70's short term assets (CA$10.8M) exceed its short term liabilities (CA$5.0M).
Long Term Liabilities: IQ70's short term assets (CA$10.8M) exceed its long term liabilities (CA$5.0M).
Debt to Equity History and Analysis
Debt Level: IQ70 has more cash than its total debt.
Reducing Debt: IQ70's debt to equity ratio has reduced from 9% to 5.7% 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: IQ70 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: IQ70 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.2% each year