Cardio Diagnostics Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Cardio Diagnostics Holdings has a total shareholder equity of $3.0M and total debt of $374.0K, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are $4.5M and $1.5M respectively.
Key information
12.6%
Debt to equity ratio
US$374.00k
Debt
Interest coverage ratio | n/a |
Cash | US$1.28m |
Equity | US$2.96m |
Total liabilities | US$1.50m |
Total assets | US$4.46m |
Financial Position Analysis
Short Term Liabilities: CDIO's short term assets ($2.8M) exceed its short term liabilities ($841.1K).
Long Term Liabilities: CDIO's short term assets ($2.8M) exceed its long term liabilities ($663.1K).
Debt to Equity History and Analysis
Debt Level: CDIO has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CDIO'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: CDIO has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CDIO is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.