Progressive Care Balance Sheet Health
Financial Health criteria checks 6/6
Progressive Care has a total shareholder equity of $26.6M and total debt of $1.3M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are $40.4M and $13.8M respectively.
Key information
4.7%
Debt to equity ratio
US$1.26m
Debt
Interest coverage ratio | n/a |
Cash | US$7.90m |
Equity | US$26.56m |
Total liabilities | US$13.82m |
Total assets | US$40.38m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RXMD's short term assets ($21.5M) exceed its short term liabilities ($12.5M).
Long Term Liabilities: RXMD's short term assets ($21.5M) exceed its long term liabilities ($1.3M).
Debt to Equity History and Analysis
Debt Level: RXMD has more cash than its total debt.
Reducing Debt: RXMD's debt to equity ratio has reduced from 887.2% to 4.7% 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: Whilst unprofitable RXMD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RXMD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.2% per year.