Akoustis Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Akoustis Technologies has a total shareholder equity of $53.8M and total debt of $43.0M, which brings its debt-to-equity ratio to 79.9%. Its total assets and total liabilities are $111.9M and $58.1M respectively.
Key information
79.9%
Debt to equity ratio
US$42.99m
Debt
| Interest coverage ratio | n/a |
| Cash | US$12.88m |
| Equity | US$53.77m |
| Total liabilities | US$58.11m |
| Total assets | US$111.88m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVH's short term assets ($26.0M) exceed its short term liabilities ($14.3M).
Long Term Liabilities: AVH's short term assets ($26.0M) do not cover its long term liabilities ($43.8M).
Debt to Equity History and Analysis
Debt Level: AVH's net debt to equity ratio (56%) is considered high.
Reducing Debt: AVH's debt to equity ratio has increased from 46.4% to 79.9% 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: AVH has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AVH is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.