MDxHealth Balance Sheet Health
Financial Health criteria checks 3/6
MDxHealth has a total shareholder equity of $17.0M and total debt of $51.4M, which brings its debt-to-equity ratio to 302.2%. Its total assets and total liabilities are $157.4M and $140.4M respectively.
Key information
302.2%
Debt to equity ratio
US$51.36m
Debt
| Interest coverage ratio | n/a |
| Cash | US$49.27m |
| Equity | US$16.99m |
| Total liabilities | US$140.41m |
| Total assets | US$157.41m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDXH's short term assets ($70.2M) exceed its short term liabilities ($45.5M).
Long Term Liabilities: MDXH's short term assets ($70.2M) do not cover its long term liabilities ($94.9M).
Debt to Equity History and Analysis
Debt Level: MDXH's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: MDXH's debt to equity ratio has increased from 48.8% to 302.2% 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 more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MDXH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.