Connexa Sports Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Connexa Sports Technologies has a total shareholder equity of $9.4M and total debt of $2.7M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are $23.2M and $13.7M respectively.
Key information
28.9%
Debt to equity ratio
US$2.73m
Debt
| Interest coverage ratio | n/a |
| Cash | US$18.21m |
| Equity | US$9.44m |
| Total liabilities | US$13.75m |
| Total assets | US$23.19m |
Recent financial health updates
Is Connexa Sports Technologies (NASDAQ:YYAI) A Risky Investment?
Jun 20
Connexa Sports Technologies (NASDAQ:CNXA) Has Debt But No Earnings; Should You Worry?
Mar 07Recent updates
Is Connexa Sports Technologies (NASDAQ:YYAI) A Risky Investment?
Jun 20Connexa Sports Technologies (NASDAQ:CNXA) Has Debt But No Earnings; Should You Worry?
Mar 07Connexa Sports Technologies receives Nasdaq notice regarding late filing of quarterly report on form 10-Q
Sep 26Connexa expands PlaySight technology footprint in the NBA
Aug 30Financial Position Analysis
Short Term Liabilities: YYAI's short term assets ($21.2M) exceed its short term liabilities ($13.7M).
Long Term Liabilities: YYAI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: YYAI has more cash than its total debt.
Reducing Debt: YYAI 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: YYAI has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: YYAI has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 11.5% each year.