Incannex Healthcare Balance Sheet Health
Financial Health criteria checks 6/6
Incannex Healthcare has a total shareholder equity of $18.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $22.4M and $3.5M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$14.55m |
Equity | US$18.87m |
Total liabilities | US$3.49m |
Total assets | US$22.36m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: IXHL's short term assets ($21.3M) exceed its short term liabilities ($3.2M).
Long Term Liabilities: IXHL's short term assets ($21.3M) exceed its long term liabilities ($301.0K).
Debt to Equity History and Analysis
Debt Level: IXHL is debt free.
Reducing Debt: IXHL has no debt compared to 5 years ago when its debt to equity ratio was 31.5%.
Debt Coverage: IXHL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IXHL has no debt, therefore coverage of interest payments is not a concern.