Innovative Designs Balance Sheet Health
Financial Health criteria checks 4/6
Innovative Designs has a total shareholder equity of $1.1M and total debt of $135.5K, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are $1.5M and $395.0K respectively.
Key information
12.2%
Debt to equity ratio
US$135.49k
Debt
Interest coverage ratio | n/a |
Cash | US$238.68k |
Equity | US$1.11m |
Total liabilities | US$394.99k |
Total assets | US$1.50m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IVDN's short term assets ($819.0K) exceed its short term liabilities ($350.6K).
Long Term Liabilities: IVDN's short term assets ($819.0K) exceed its long term liabilities ($44.4K).
Debt to Equity History and Analysis
Debt Level: IVDN has more cash than its total debt.
Reducing Debt: IVDN's debt to equity ratio has reduced from 22.4% to 12.2% 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: IVDN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IVDN has less than a year of cash runway if free cash flow continues to grow at historical rates of 26% each year.