Coretec Group Balance Sheet Health
Financial Health criteria checks 2/6
Coretec Group has a total shareholder equity of $110.1K and total debt of $1.6M, which brings its debt-to-equity ratio to 1430.2%. Its total assets and total liabilities are $1.8M and $1.7M respectively.
Key information
1,430.2%
Debt to equity ratio
US$1.58m
Debt
Interest coverage ratio | n/a |
Cash | US$523.99k |
Equity | US$110.14k |
Total liabilities | US$1.65m |
Total assets | US$1.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRTG's short term assets ($656.7K) exceed its short term liabilities ($647.4K).
Long Term Liabilities: CRTG's short term assets ($656.7K) do not cover its long term liabilities ($1.0M).
Debt to Equity History and Analysis
Debt Level: CRTG's net debt to equity ratio (954.5%) is considered high.
Reducing Debt: CRTG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: CRTG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CRTG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.5% each year