Hardide Balance Sheet Health
Financial Health criteria checks 4/6
Hardide has a total shareholder equity of £4.3M and total debt of £761.0K, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are £8.4M and £4.1M respectively.
Key information
17.7%
Debt to equity ratio
UK£761.00k
Debt
Interest coverage ratio | n/a |
Cash | UK£740.00k |
Equity | UK£4.29m |
Total liabilities | UK£4.11m |
Total assets | UK£8.40m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HDD's short term assets (£2.1M) exceed its short term liabilities (£1.4M).
Long Term Liabilities: HDD's short term assets (£2.1M) do not cover its long term liabilities (£2.7M).
Debt to Equity History and Analysis
Debt Level: HDD's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: HDD's debt to equity ratio has increased from 1.1% to 17.7% 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 HDD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HDD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0% per year.