Airthings Balance Sheet Health
Financial Health criteria checks 4/6
Airthings has a total shareholder equity of $50.3M and total debt of $1.4M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are $64.7M and $14.4M respectively.
Key information
2.7%
Debt to equity ratio
US$1.38m
Debt
| Interest coverage ratio | n/a |
| Cash | US$14.55m |
| Equity | US$50.26m |
| Total liabilities | US$14.39m |
| Total assets | US$64.65m |
Recent financial health updates
We Think Airthings (OB:AIRX) Needs To Drive Business Growth Carefully
Dec 21
We're Hopeful That Airthings (OB:AIRX) Will Use Its Cash Wisely
Jun 13We Think Airthings (OB:AIRX) Can Afford To Drive Business Growth
Mar 06Airthings (OB:AIRX) Is In A Good Position To Deliver On Growth Plans
Oct 30We're Not Very Worried About Airthings' (OB:AIRX) Cash Burn Rate
Jul 10Recent updates
We Think Airthings (OB:AIRX) Needs To Drive Business Growth Carefully
Dec 21Is There An Opportunity With Airthings ASA's (OB:AIRX) 32% Undervaluation?
Jul 20We're Hopeful That Airthings (OB:AIRX) Will Use Its Cash Wisely
Jun 13We Think Airthings (OB:AIRX) Can Afford To Drive Business Growth
Mar 06Airthings (OB:AIRX) Is In A Good Position To Deliver On Growth Plans
Oct 30We're Not Very Worried About Airthings' (OB:AIRX) Cash Burn Rate
Jul 10Financial Position Analysis
Short Term Liabilities: AIRX's short term assets ($46.1M) exceed its short term liabilities ($11.0M).
Long Term Liabilities: AIRX's short term assets ($46.1M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: AIRX has more cash than its total debt.
Reducing Debt: AIRX's debt to equity ratio has increased from 0% to 2.7% 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: AIRX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AIRX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.