Airthings Balance Sheet Health
Financial Health criteria checks 5/6
Airthings has a total shareholder equity of $44.1M and total debt of $1.3M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are $55.8M and $11.7M respectively.
Key information
3.0%
Debt to equity ratio
US$1.33m
Debt
| Interest coverage ratio | n/a |
| Cash | US$9.03m |
| Equity | US$44.13m |
| Total liabilities | US$11.70m |
| Total assets | US$55.82m |
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 ($37.3M) exceed its short term liabilities ($9.0M).
Long Term Liabilities: AIRX's short term assets ($37.3M) exceed its long term liabilities ($2.7M).
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 reduced from 15.6% to 3% 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.