Biotricity Balance Sheet Health

Financial Health criteria checks 2/6

Biotricity has a total shareholder equity of $-28.5M and total debt of $22.5M, which brings its debt-to-equity ratio to -78.8%. Its total assets and total liabilities are $5.9M and $34.5M respectively.

Key information

-78.8%

Debt to equity ratio

US$22.49m

Debt

Interest coverage ration/a
CashUS$1.12m
Equity-US$28.54m
Total liabilitiesUS$34.48m
Total assetsUS$5.94m

Recent financial health updates

Recent updates

Investors Give Biotricity, Inc. (NASDAQ:BTCY) Shares A 38% Hiding

Jan 26
Investors Give Biotricity, Inc. (NASDAQ:BTCY) Shares A 38% Hiding

Many Still Looking Away From Biotricity, Inc. (NASDAQ:BTCY)

Oct 26
Many Still Looking Away From Biotricity, Inc. (NASDAQ:BTCY)

Biotricity GAAP EPS of -$0.09, revenue of $2.06M

Aug 15

Biotricity, Inc.: A First Take

Jul 28

Is Biotricity (NASDAQ:BTCY) Using Debt In A Risky Way?

Apr 09
Is Biotricity (NASDAQ:BTCY) Using Debt In A Risky Way?

Does Biotricity (NASDAQ:BTCY) Have A Healthy Balance Sheet?

Dec 11
Does Biotricity (NASDAQ:BTCY) Have A Healthy Balance Sheet?

Biotricity: Capital Raise Leads To Buying Opportunity

Aug 31

Financial Position Analysis

Short Term Liabilities: BTCY has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BTCY 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: BTCY has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BTCY'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: BTCY has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: BTCY is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


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