MDxHealth Balance Sheet Health
Financial Health criteria checks 4/6
MDxHealth has a total shareholder equity of $17.8M and total debt of $36.0M, which brings its debt-to-equity ratio to 201.8%. Its total assets and total liabilities are $135.7M and $117.9M respectively.
Key information
201.8%
Debt to equity ratio
US$36.01m
Debt
| Interest coverage ratio | n/a |
| Cash | US$32.71m |
| Equity | US$17.84m |
| Total liabilities | US$117.89m |
| Total assets | US$135.73m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDXHB's short term assets ($45.6M) exceed its short term liabilities ($18.8M).
Long Term Liabilities: MDXHB's short term assets ($45.6M) do not cover its long term liabilities ($99.0M).
Debt to Equity History and Analysis
Debt Level: MDXHB's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: MDXHB's debt to equity ratio has increased from 0.3% to 201.8% 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: MDXHB has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MDXHB has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 6.9% each year