Corcel Balance Sheet Health
Financial Health criteria checks 5/6
Corcel has a total shareholder equity of £5.1M and total debt of £2.3M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are £8.2M and £3.1M respectively.
Key information
44.8%
Debt to equity ratio
UK£2.29m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£143.00k |
| Equity | UK£5.12m |
| Total liabilities | UK£3.07m |
| Total assets | UK£8.19m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CRCL's short term assets (£3.4M) exceed its short term liabilities (£3.1M).
Long Term Liabilities: CRCL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CRCL's net debt to equity ratio (42%) is considered high.
Reducing Debt: CRCL's debt to equity ratio has reduced from 69.2% to 44.8% 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: CRCL has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CRCL is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.