LexaGene Holdings Balance Sheet Health
Financial Health criteria checks 3/6
LexaGene Holdings has a total shareholder equity of $1.3M and total debt of $845.5K, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are $3.5M and $2.2M respectively.
Key information
66.4%
Debt to equity ratio
US$845.50k
Debt
| Interest coverage ratio | n/a |
| Cash | US$464.13k |
| Equity | US$1.27m |
| Total liabilities | US$2.22m |
| Total assets | US$3.49m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LXXG.Q's short term assets ($2.3M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: LXXG.Q's short term assets ($2.3M) exceed its long term liabilities ($561.2K).
Debt to Equity History and Analysis
Debt Level: LXXG.Q's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: LXXG.Q's debt to equity ratio has increased from 0% to 66.4% 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: LXXG.Q has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LXXG.Q has less than a year of cash runway if free cash flow continues to reduce at historical rates of 22.2% each year