Sanara MedTech Balance Sheet Health
Financial Health criteria checks 4/6
Sanara MedTech has a total shareholder equity of $43.0M and total debt of $9.7M, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are $70.9M and $27.9M respectively.
Key information
22.5%
Debt to equity ratio
US$9.70m
Debt
Interest coverage ratio | n/a |
Cash | US$2.83m |
Equity | US$43.01m |
Total liabilities | US$27.90m |
Total assets | US$70.91m |
Recent financial health updates
Is Sanara MedTech (NASDAQ:SMTI) Using Too Much Debt?
Nov 15Here's Why We're Not At All Concerned With Sanara MedTech's (NASDAQ:SMTI) Cash Burn Situation
Dec 31Companies Like Sanara MedTech (NASDAQ:SMTI) Can Afford To Invest In Growth
May 18Recent updates
Sanara MedTech Inc.'s (NASDAQ:SMTI) Shares Not Telling The Full Story
May 23Is Sanara MedTech (NASDAQ:SMTI) Using Too Much Debt?
Nov 15Investors Still Waiting For A Pull Back In Sanara MedTech Inc. (NASDAQ:SMTI)
May 22Sanara MedTech Inc. (NASDAQ:SMTI) Analysts Are Pretty Bullish On The Stock After Recent Results
Mar 22Sanara MedTech: Differentiated Offering With Niche Wound Care Exposure
Sep 06Sanara MedTech reports Q2 results
Aug 15Here's Why We're Not At All Concerned With Sanara MedTech's (NASDAQ:SMTI) Cash Burn Situation
Dec 31Sanara MedTech: Technology For Faster Healing Wounds
Dec 08Sanara Medtech inks exclusive partnership with Pixalere Healthcare
Jun 04Companies Like Sanara MedTech (NASDAQ:SMTI) Can Afford To Invest In Growth
May 18Neil Cataldi From Blueprint Discusses Sanara MedTech
May 03The Sanara MedTech (NASDAQ:SMTI) Share Price Has Soared 510%, Delighting Many Shareholders
Feb 19Is Sanara MedTech Inc. (NASDAQ:SMTI) Popular Amongst Insiders?
Dec 28Financial Position Analysis
Short Term Liabilities: SMTI's short term assets ($17.2M) exceed its short term liabilities ($12.7M).
Long Term Liabilities: SMTI's short term assets ($17.2M) exceed its long term liabilities ($15.2M).
Debt to Equity History and Analysis
Debt Level: SMTI's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: SMTI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: SMTI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SMTI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23% each year