SCWorx Balance Sheet Health
Financial Health criteria checks 5/6
SCWorx has a total shareholder equity of $6.2M and total debt of $477.9K, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are $8.8M and $2.7M respectively.
Key information
7.8%
Debt to equity ratio
US$477.93k
Debt
Interest coverage ratio | n/a |
Cash | US$72.43k |
Equity | US$6.16m |
Total liabilities | US$2.66m |
Total assets | US$8.82m |
Financial Position Analysis
Short Term Liabilities: WORX's short term assets ($450.1K) do not cover its short term liabilities ($2.6M).
Long Term Liabilities: WORX's short term assets ($450.1K) exceed its long term liabilities ($99.9K).
Debt to Equity History and Analysis
Debt Level: WORX's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: WORX's debt to equity ratio has reduced from 2401.7% to 7.8% 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.