Avante Balance Sheet Health
Financial Health criteria checks 6/6
Avante has a total shareholder equity of CA$16.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$24.6M and CA$7.7M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$5.73m |
Equity | CA$16.87m |
Total liabilities | CA$7.69m |
Total assets | CA$24.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALXX.F's short term assets (CA$15.6M) exceed its short term liabilities (CA$6.0M).
Long Term Liabilities: ALXX.F's short term assets (CA$15.6M) exceed its long term liabilities (CA$1.7M).
Debt to Equity History and Analysis
Debt Level: ALXX.F is debt free.
Reducing Debt: ALXX.F has no debt compared to 5 years ago when its debt to equity ratio was 19.2%.
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 ALXX.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ALXX.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5.3% per year.