HeartSciences Balance Sheet Health
Financial Health criteria checks 5/6
HeartSciences has a total shareholder equity of $5.9M and total debt of $500.0K, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are $8.2M and $2.3M respectively.
Key information
8.4%
Debt to equity ratio
US$500.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.34m |
| Equity | US$5.93m |
| Total liabilities | US$2.26m |
| Total assets | US$8.19m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: HSCS's short term assets ($6.1M) exceed its short term liabilities ($1.4M).
Long Term Liabilities: HSCS's short term assets ($6.1M) exceed its long term liabilities ($905.7K).
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 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HSCS is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.