Envirotech Vehicles Balance Sheet Health
Financial Health criteria checks 5/6
Envirotech Vehicles has a total shareholder equity of $20.6M and total debt of $279.7K, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are $22.7M and $2.0M respectively.
Key information
1.4%
Debt to equity ratio
US$279.67k
Debt
| Interest coverage ratio | n/a |
| Cash | US$456.72k |
| Equity | US$20.63m |
| Total liabilities | US$2.02m |
| Total assets | US$22.65m |
Financial Position Analysis
Short Term Liabilities: EVTV's short term assets ($12.1M) exceed its short term liabilities ($1.8M).
Long Term Liabilities: EVTV's short term assets ($12.1M) exceed its long term liabilities ($246.0K).
Debt to Equity History and Analysis
Debt Level: EVTV has more cash than its total debt.
Reducing Debt: Insufficient data to determine if EVTV's debt to equity ratio has reduced 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: EVTV has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EVTV is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.