Avinger Balance Sheet Health
Financial Health criteria checks 2/6
Avinger has a total shareholder equity of $-4.1M and total debt of $14.8M, which brings its debt-to-equity ratio to -363.9%. Its total assets and total liabilities are $16.9M and $20.9M respectively.
Key information
-363.9%
Debt to equity ratio
US$14.75m
Debt
Interest coverage ratio | n/a |
Cash | US$7.17m |
Equity | -US$4.05m |
Total liabilities | US$20.91m |
Total assets | US$16.86m |
Recent financial health updates
Is Avinger (NASDAQ:AVGR) Using Debt Sensibly?
Nov 25Is Avinger (NASDAQ:AVGR) A Risky Investment?
Jun 30Recent updates
Avinger GAAP EPS of -$0.94 beats by $0.15, revenue of $2.13M misses by $0.25M
Aug 11Is Avinger (NASDAQ:AVGR) Using Debt Sensibly?
Nov 25Is Avinger (NASDAQ:AVGR) A Risky Investment?
Jun 30Avinger shares fall after Q1 results fail to impress Wall Street
May 07Does Avinger (NASDAQ:AVGR) Have A Healthy Balance Sheet?
Jan 21Avinger 'Hot Penny Stock to buy' - Robinhood
Jan 08Financial Position Analysis
Short Term Liabilities: AVGR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AVGR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AVGR has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AVGR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: AVGR has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AVGR is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.