Aurora Spine Balance Sheet Health
Financial Health criteria checks 3/6
Aurora Spine has a total shareholder equity of $5.1M and total debt of $2.6M, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are $12.0M and $7.0M respectively.
Key information
51.2%
Debt to equity ratio
US$2.60m
Debt
Interest coverage ratio | n/a |
Cash | US$366.76k |
Equity | US$5.07m |
Total liabilities | US$6.96m |
Total assets | US$12.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASAP.F's short term assets ($8.6M) exceed its short term liabilities ($3.6M).
Long Term Liabilities: ASAP.F's short term assets ($8.6M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: ASAP.F's net debt to equity ratio (44%) is considered high.
Reducing Debt: ASAP.F's debt to equity ratio has reduced from 74.7% to 51.2% 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 less than a year of cash runway 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 27.7% each year