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
4.3%
Debt to equity ratio
US$1.23m
Debt
| Interest coverage ratio | n/a |
| Cash | US$8.83m |
| Equity | US$28.44m |
| Total liabilities | US$14.45m |
| Total assets | US$42.89m |
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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 18:05 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Airthings ASA is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Kristofer Liljeberg-Svensson | Carnegie Investment Bank AB |
| Christoffer Bjørnsen | DNB Markets |