Heart Test Laboratories Balance Sheet Health
Financial Health criteria checks 4/6
Heart Test Laboratories has a total shareholder equity of $8.6M and total debt of $500.0K, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are $10.8M and $2.2M respectively.
Key information
5.8%
Debt to equity ratio
US$500.00k
Debt
Interest coverage ratio | n/a |
Cash | US$7.08m |
Equity | US$8.63m |
Total liabilities | US$2.17m |
Total assets | US$10.80m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: HSCS's short term assets ($8.7M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: HSCS's short term assets ($8.7M) exceed its long term liabilities ($460.9K).
Debt to Equity History and Analysis
Debt Level: HSCS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if HSCS'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: HSCS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: HSCS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.8% each year