Wag! Group Balance Sheet Health
Financial Health criteria checks 2/6
Wag! Group has a total shareholder equity of $2.4M and total debt of $19.0M, which brings its debt-to-equity ratio to 800.6%. Its total assets and total liabilities are $32.6M and $30.2M respectively.
Key information
800.6%
Debt to equity ratio
US$19.02m
Debt
| Interest coverage ratio | n/a |
| Cash | US$8.45m |
| Equity | US$2.38m |
| Total liabilities | US$30.22m |
| Total assets | US$32.59m |
Recent financial health updates
Recent updates
Wag! Group Co.'s (NASDAQ:PET) 78% Dip In Price Shows Sentiment Is Matching Revenues
Nov 15
Earnings Update: Wag! Group Co. (NASDAQ:PET) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
May 12Wag! Group (NASDAQ:PET) Is Carrying A Fair Bit Of Debt
Apr 29Investors Continue Waiting On Sidelines For Wag! Group Co. (NASDAQ:PET)
Jan 19Wag! Group Co. (NASDAQ:PET) Just Reported Yearly Earnings And Analysts Are Lifting Their Estimates
Feb 24Wag! Group Goes Public: Pawsome Second Quarter Performance
Aug 28Wag! Group GAAP EPS of -$0.17, revenue of $12.78M, raises FY guidance
Aug 16Financial Position Analysis
Short Term Liabilities: PET's short term assets ($18.3M) do not cover its short term liabilities ($29.6M).
Long Term Liabilities: PET's short term assets ($18.3M) exceed its long term liabilities ($587.0K).
Debt to Equity History and Analysis
Debt Level: PET's net debt to equity ratio (445.1%) is considered high.
Reducing Debt: Insufficient data to determine if PET'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: PET has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PET has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 51.9% each year.