IRIDEX Balance Sheet Health
Financial Health criteria checks 5/6
IRIDEX has a total shareholder equity of $9.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $34.4M and $24.9M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.03m |
| Equity | US$9.52m |
| Total liabilities | US$24.91m |
| Total assets | US$34.44m |
Recent financial health updates
Will IRIDEX (NASDAQ:IRIX) Spend Its Cash Wisely?
Oct 04
Will 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 25Recent updates
Iridex'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 ($27.5M) exceed its short term liabilities ($13.0M).
Long Term Liabilities: IRIX's short term assets ($27.5M) exceed its long term liabilities ($11.9M).
Debt to Equity History and Analysis
Debt Level: IRIX is debt free.
Reducing Debt: IRIX has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.
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 sufficient cash runway for more than a year 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 5.4% each year.