VerifyMe Balance Sheet Health
Financial Health criteria checks 5/6
VerifyMe has a total shareholder equity of $12.3M and total debt of $2.2M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are $17.5M and $5.3M respectively.
Key information
18.2%
Debt to equity ratio
US$2.23m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.90m |
| Equity | US$12.26m |
| Total liabilities | US$5.28m |
| Total assets | US$17.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LT1B's short term assets ($5.1M) exceed its short term liabilities ($2.9M).
Long Term Liabilities: LT1B's short term assets ($5.1M) exceed its long term liabilities ($2.3M).
Debt to Equity History and Analysis
Debt Level: LT1B has more cash than its total debt.
Reducing Debt: LT1B's debt to equity ratio has increased from 0% to 18.2% 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: Whilst unprofitable LT1B has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LT1B is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.2% per year.