Joint Balance Sheet Health
Financial Health criteria checks 6/6
Joint has a total shareholder equity of $24.8M and total debt of $2.0M, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are $87.2M and $62.4M respectively. Joint's EBIT is $559.5K making its interest coverage ratio 8.3. It has cash and short-term investments of $18.2M.
Key information
8.1%
Debt to equity ratio
US$2.00m
Debt
| Interest coverage ratio | 8.3x |
| Cash | US$18.15m |
| Equity | US$24.77m |
| Total liabilities | US$62.38m |
| Total assets | US$87.15m |
Recent financial health updates
Does Joint (NASDAQ:JYNT) Have A Healthy Balance Sheet?
Oct 27
These 4 Measures Indicate That Joint (NASDAQ:JYNT) Is Using Debt Reasonably Well
Jul 22Does Joint (NASDAQ:JYNT) Have A Healthy Balance Sheet?
Feb 08Recent updates
The Joint Corp.'s (NASDAQ:JYNT) Share Price Not Quite Adding Up
Mar 10Returns Are Gaining Momentum At Joint (NASDAQ:JYNT)
Feb 12Joint (NASDAQ:JYNT) Shareholders Will Want The ROCE Trajectory To Continue
Jun 17Joint's (NASDAQ:JYNT) Returns On Capital Are Heading Higher
Jan 04Does Joint (NASDAQ:JYNT) Have A Healthy Balance Sheet?
Oct 27The Joint Corp. Can Relieve You From High Inflation Pain
Oct 17The Joint Corp.: Weakening Bottom-Line Fundamentals Unsupportive In Current Landscape
Aug 05These 4 Measures Indicate That Joint (NASDAQ:JYNT) Is Using Debt Reasonably Well
Jul 22Returns Are Gaining Momentum At Joint (NASDAQ:JYNT)
Jun 29Is There Now An Opportunity In The Joint Corp. (NASDAQ:JYNT)?
Jun 14Joint's (NASDAQ:JYNT) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Mar 03Should You Be Adding Joint (NASDAQ:JYNT) To Your Watchlist Today?
Feb 23Does Joint (NASDAQ:JYNT) Have A Healthy Balance Sheet?
Feb 08Joint Corp.: Solid Q4 Results From This Small-Cap Growth Story
Jan 30Joint (NASDAQ:JYNT) Shareholders Will Want The ROCE Trajectory To Continue
Jan 24What Does The Joint Corp.'s (NASDAQ:JYNT) Share Price Indicate?
Jan 08Do Joint's (NASDAQ:JYNT) Earnings Warrant Your Attention?
Nov 23Is Joint (NASDAQ:JYNT) A Risky Investment?
Nov 08Joint (NASDAQ:JYNT) Shareholders Will Want The ROCE Trajectory To Continue
Oct 21Is The Joint Corp. (NASDAQ:JYNT) Potentially Undervalued?
Oct 05The Joint Corporation: Time To Take Some Profits
Aug 10Is Joint (NASDAQ:JYNT) Using Too Much Debt?
Aug 02The Joint Corp. Has Rallied By 400% Since We Bought, But It's Time To Let It Go
Jul 23Returns Are Gaining Momentum At Joint (NASDAQ:JYNT)
Jul 15Do Joint's (NASDAQ:JYNT) Earnings Warrant Your Attention?
Jun 04We Discuss Whether The Joint Corp.'s (NASDAQ:JYNT) CEO Is Due For A Pay Rise
May 22Financial Position Analysis
Short Term Liabilities: JYNT's short term assets ($44.3M) exceed its short term liabilities ($33.6M).
Long Term Liabilities: JYNT's short term assets ($44.3M) exceed its long term liabilities ($28.8M).
Debt to Equity History and Analysis
Debt Level: JYNT has more cash than its total debt.
Reducing Debt: JYNT's debt to equity ratio has reduced from 151.2% to 8.1% 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: Whilst unprofitable JYNT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: JYNT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22% per year.