Siyata Mobile Balance Sheet Health
Financial Health criteria checks 4/6
Siyata Mobile has a total shareholder equity of $1.0M and total debt of $619.1K, which brings its debt-to-equity ratio to 59.6%. Its total assets and total liabilities are $19.2M and $18.1M respectively.
Key information
59.6%
Debt to equity ratio
US$619.07k
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.65m |
| Equity | US$1.04m |
| Total liabilities | US$18.14m |
| Total assets | US$19.18m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WK3's short term assets ($9.6M) do not cover its short term liabilities ($17.9M).
Long Term Liabilities: WK3's short term assets ($9.6M) exceed its long term liabilities ($284.4K).
Debt to Equity History and Analysis
Debt Level: WK3 has more cash than its total debt.
Reducing Debt: WK3's debt to equity ratio has increased from 37.3% to 59.6% 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: WK3 has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WK3 is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.