Clean Energy Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Clean Energy Technologies has a total shareholder equity of $5.9M and total debt of $2.6M, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are $10.9M and $5.1M respectively.
Key information
43.6%
Debt to equity ratio
US$2.56m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.22m |
| Equity | US$5.87m |
| Total liabilities | US$5.06m |
| Total assets | US$10.93m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CETY's short term assets ($6.8M) exceed its short term liabilities ($4.8M).
Long Term Liabilities: CETY's short term assets ($6.8M) exceed its long term liabilities ($257.9K).
Debt to Equity History and Analysis
Debt Level: CETY's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: CETY 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: CETY has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CETY is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.