Siyata Mobile Balance Sheet Health
Financial Health criteria checks 6/6
Siyata Mobile has a total shareholder equity of $9.9M and total debt of $2.5M, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are $19.4M and $9.5M respectively.
Key information
25.7%
Debt to equity ratio
US$2.55m
Debt
| Interest coverage ratio | n/a |
| Cash | US$220.24k |
| Equity | US$9.90m |
| Total liabilities | US$9.47m |
| Total assets | US$19.36m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WK3's short term assets ($9.3M) exceed its short term liabilities ($9.0M).
Long Term Liabilities: WK3's short term assets ($9.3M) exceed its long term liabilities ($439.0K).
Debt to Equity History and Analysis
Debt Level: WK3's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: WK3's debt to equity ratio has reduced from 31.9% to 25.7% 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: WK3 has sufficient cash runway for 0 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 0 months based on free cash flow estimates, but has since raised additional capital.