Eightco Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Eightco Holdings has a total shareholder equity of $12.6M and total debt of $28.3M, which brings its debt-to-equity ratio to 223.8%. Its total assets and total liabilities are $49.2M and $36.6M respectively.
Key information
223.8%
Debt to equity ratio
US$28.28m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.48m |
| Equity | US$12.64m |
| Total liabilities | US$36.60m |
| Total assets | US$49.24m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: OCTO's short term assets ($9.6M) do not cover its short term liabilities ($27.2M).
Long Term Liabilities: OCTO's short term assets ($9.6M) exceed its long term liabilities ($9.4M).
Debt to Equity History and Analysis
Debt Level: OCTO's net debt to equity ratio (204.2%) is considered high.
Reducing Debt: Insufficient data to determine if OCTO's debt to equity ratio has reduced 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: OCTO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: OCTO has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 31.2% each year.