SCWorx Balance Sheet Health
Financial Health criteria checks 4/6
SCWorx has a total shareholder equity of $4.5M and total debt of $116.7K, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are $6.5M and $2.0M respectively.
Key information
2.6%
Debt to equity ratio
US$116.68k
Debt
| Interest coverage ratio | n/a |
| Cash | US$87.67k |
| Equity | US$4.48m |
| Total liabilities | US$2.04m |
| Total assets | US$6.52m |
Financial Position Analysis
Short Term Liabilities: WORX's short term assets ($680.0K) do not cover its short term liabilities ($2.0M).
Long Term Liabilities: WORX's short term assets ($680.0K) exceed its long term liabilities ($7.1K).
Debt to Equity History and Analysis
Debt Level: WORX's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: WORX's debt to equity ratio has increased from 0% to 2.6% 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: WORX has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WORX is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.