Borealis Foods Balance Sheet Health
Financial Health criteria checks 0/6
Borealis Foods has a total shareholder equity of $9.9M and total debt of $43.2M, which brings its debt-to-equity ratio to 436.3%. Its total assets and total liabilities are $63.6M and $53.7M respectively.
Key information
436.3%
Debt to equity ratio
US$43.21m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.13m |
| Equity | US$9.90m |
| Total liabilities | US$53.69m |
| Total assets | US$63.59m |
Financial Position Analysis
Short Term Liabilities: BRLS's short term assets ($15.1M) do not cover its short term liabilities ($28.7M).
Long Term Liabilities: BRLS's short term assets ($15.1M) do not cover its long term liabilities ($25.0M).
Debt to Equity History and Analysis
Debt Level: BRLS's net debt to equity ratio (404.7%) is considered high.
Reducing Debt: Insufficient data to determine if BRLS'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: BRLS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BRLS has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.9% each year.