Aurora Spine Balance Sheet Health
Financial Health criteria checks 5/6
Aurora Spine has a total shareholder equity of $5.0M and total debt of $2.7M, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are $12.1M and $7.1M respectively.
Key information
53.1%
Debt to equity ratio
US$2.67m
Debt
| Interest coverage ratio | n/a |
| Cash | US$882.05k |
| Equity | US$5.02m |
| Total liabilities | US$7.07m |
| Total assets | US$12.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASAP.F's short term assets ($8.8M) exceed its short term liabilities ($3.7M).
Long Term Liabilities: ASAP.F's short term assets ($8.8M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: ASAP.F's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: ASAP.F's debt to equity ratio has reduced from 90.2% to 53.1% 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: ASAP.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ASAP.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.5% each year