HeiQ Balance Sheet Health
Financial Health criteria checks 5/6
HeiQ has a total shareholder equity of $29.5M and total debt of $11.9M, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are $69.0M and $39.5M respectively.
Key information
40.4%
Debt to equity ratio
US$11.91m
Debt
Interest coverage ratio | n/a |
Cash | US$9.69m |
Equity | US$29.48m |
Total liabilities | US$39.50m |
Total assets | US$68.98m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HEIQ's short term assets ($31.0M) exceed its short term liabilities ($24.9M).
Long Term Liabilities: HEIQ's short term assets ($31.0M) exceed its long term liabilities ($14.6M).
Debt to Equity History and Analysis
Debt Level: HEIQ's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: HEIQ's debt to equity ratio has increased from 12.2% to 40.4% 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: HEIQ has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: HEIQ has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 54.5% each year