Biome Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Biome Technologies has a total shareholder equity of £752.0K and total debt of £504.0K, which brings its debt-to-equity ratio to 67%. Its total assets and total liabilities are £3.8M and £3.1M respectively.
Key information
67.0%
Debt to equity ratio
UK£504.00k
Debt
Interest coverage ratio | n/a |
Cash | UK£599.00k |
Equity | UK£752.00k |
Total liabilities | UK£3.08m |
Total assets | UK£3.84m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BIOM's short term assets (£2.6M) exceed its short term liabilities (£1.8M).
Long Term Liabilities: BIOM's short term assets (£2.6M) exceed its long term liabilities (£1.3M).
Debt to Equity History and Analysis
Debt Level: BIOM has more cash than its total debt.
Reducing Debt: BIOM's debt to equity ratio has increased from 0% to 67% 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: BIOM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BIOM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.2% each year