Hardide Balance Sheet Health
Financial Health criteria checks 3/6
Hardide has a total shareholder equity of £4.1M and total debt of £631.0K, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are £7.9M and £3.8M respectively.
Key information
15.5%
Debt to equity ratio
UK£631.00k
Debt
| Interest coverage ratio | n/a |
| Cash | UK£732.00k |
| Equity | UK£4.06m |
| Total liabilities | UK£3.82m |
| Total assets | UK£7.88m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HDD's short term assets (£2.0M) exceed its short term liabilities (£1.3M).
Long Term Liabilities: HDD's short term assets (£2.0M) do not cover its long term liabilities (£2.5M).
Debt to Equity History and Analysis
Debt Level: HDD has more cash than its total debt.
Reducing Debt: HDD's debt to equity ratio has increased from 2.4% to 15.5% 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: HDD has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if HDD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.