HyreCar Balance Sheet Health
Financial Health criteria checks 3/6
HyreCar has a total shareholder equity of $2.1M and total debt of $500.0K, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $17.6M and $15.4M respectively.
Key information
23.5%
Debt to equity ratio
US$500.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$9.11m |
| Equity | US$2.13m |
| Total liabilities | US$15.43m |
| Total assets | US$17.56m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8HY's short term assets ($13.6M) do not cover its short term liabilities ($14.9M).
Long Term Liabilities: 8HY's short term assets ($13.6M) exceed its long term liabilities ($570.8K).
Debt to Equity History and Analysis
Debt Level: 8HY has more cash than its total debt.
Reducing Debt: 8HY had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: 8HY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8HY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32% each year