IRIDEX Balance Sheet Health
Financial Health criteria checks 3/6
IRIDEX has a total shareholder equity of $2.6M and total debt of $2.8M, which brings its debt-to-equity ratio to 105.1%. Its total assets and total liabilities are $30.2M and $27.5M respectively.
Key information
105.1%
Debt to equity ratio
US$2.76m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.86m |
| Equity | US$2.62m |
| Total liabilities | US$27.53m |
| Total assets | US$30.15m |
Recent financial health updates
Is IRIDEX (NASDAQ:IRIX) In A Good Position To Invest In Growth?
May 14
Will IRIDEX (NASDAQ:IRIX) Spend Its Cash Wisely?
Oct 04Recent updates
Revenues Working Against IRIDEX Corporation's (NASDAQ:IRIX) Share Price Following 26% Dive
Jun 11Is IRIDEX (NASDAQ:IRIX) In A Good Position To Invest In Growth?
May 14Iridex's Strategic Review Process Should Bear Fruit 'Soon'
Mar 28Little Excitement Around IRIDEX Corporation's (NASDAQ:IRIX) Revenues
Feb 14Will IRIDEX (NASDAQ:IRIX) Spend Its Cash Wisely?
Oct 04Lacklustre Performance Is Driving IRIDEX Corporation's (NASDAQ:IRIX) 32% Price Drop
Aug 12Will IRIDEX (NASDAQ:IRIX) Spend Its Cash Wisely?
Apr 14We're Hopeful That IRIDEX (NASDAQ:IRIX) Will Use Its Cash Wisely
Oct 12Is IRIDEX (NASDAQ:IRIX) Using Too Much Debt?
Feb 25Iridex To Benefit From New Revolutionary Glaucoma Treatment
Jan 11Analysts Expect Breakeven For IRIDEX Corporation (NASDAQ:IRIX) Before Long
Jan 03IRIDEX says laser therapy now accepted in the European Glaucoma Society guidelines
Dec 23Financial Position Analysis
Short Term Liabilities: IRIX's short term assets ($24.3M) exceed its short term liabilities ($15.9M).
Long Term Liabilities: IRIX's short term assets ($24.3M) exceed its long term liabilities ($11.7M).
Debt to Equity History and Analysis
Debt Level: IRIX has more cash than its total debt.
Reducing Debt: IRIX's debt to equity ratio has increased from 0% to 105.1% 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: IRIX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IRIX has less than a year of cash runway if free cash flow continues to grow at historical rates of 2.7% each year.