MDxHealth Balance Sheet Health
Financial Health criteria checks 3/6
MDxHealth has a total shareholder equity of $7.2M and total debt of $36.2M, which brings its debt-to-equity ratio to 502.3%. Its total assets and total liabilities are $129.1M and $121.9M respectively.
Key information
502.3%
Debt to equity ratio
US$36.21m
Debt
| Interest coverage ratio | n/a |
| Cash | US$22.38m |
| Equity | US$7.21m |
| Total liabilities | US$121.92m |
| Total assets | US$129.13m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDXH's short term assets ($38.2M) exceed its short term liabilities ($19.5M).
Long Term Liabilities: MDXH's short term assets ($38.2M) do not cover its long term liabilities ($102.4M).
Debt to Equity History and Analysis
Debt Level: MDXH's net debt to equity ratio (191.8%) is considered high.
Reducing Debt: MDXH's debt to equity ratio has increased from 0.3% to 502.3% 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: MDXH has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MDXH has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 4.8% each year.