Altex Industries Balance Sheet Health
Financial Health criteria checks 6/6
Altex Industries has a total shareholder equity of $1.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $2.3M and $1.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$2.22m |
Equity | US$1.12m |
Total liabilities | US$1.19m |
Total assets | US$2.30m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: ALTX's short term assets ($2.2M) exceed its short term liabilities ($1.2M).
Long Term Liabilities: ALTX's short term assets ($2.2M) exceed its long term liabilities ($13.0K).
Debt to Equity History and Analysis
Debt Level: ALTX is debt free.
Reducing Debt: ALTX has not had any debt for 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: ALTX has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ALTX has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 8.4% each year