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H2O Innovation Balance Sheet Health
Financial Health criteria checks 4/6
H2O Innovation has a total shareholder equity of CA$100.7M and total debt of CA$55.5M, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are CA$217.5M and CA$116.8M respectively. H2O Innovation's EBIT is CA$7.0M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$7.6M.
Key information
55.1%
Debt to equity ratio
CA$55.47m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$7.57m |
| Equity | CA$100.66m |
| Total liabilities | CA$116.81m |
| Total assets | CA$217.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALHEO's short term assets (CA$87.4M) exceed its short term liabilities (CA$41.7M).
Long Term Liabilities: ALHEO's short term assets (CA$87.4M) exceed its long term liabilities (CA$75.1M).
Debt to Equity History and Analysis
Debt Level: ALHEO's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: ALHEO's debt to equity ratio has increased from 49.2% to 55.1% 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 ALHEO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ALHEO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.4% per year.