Notable Labs Balance Sheet Health
Financial Health criteria checks 4/6
Notable Labs has a total shareholder equity of $11.5M and total debt of $152.0K, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are $15.6M and $4.1M respectively.
Key information
1.3%
Debt to equity ratio
US$152.00k
Debt
Interest coverage ratio | n/a |
Cash | US$8.17m |
Equity | US$11.55m |
Total liabilities | US$4.05m |
Total assets | US$15.60m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTBL's short term assets ($11.7M) exceed its short term liabilities ($2.5M).
Long Term Liabilities: NTBL's short term assets ($11.7M) exceed its long term liabilities ($1.5M).
Debt to Equity History and Analysis
Debt Level: NTBL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NTBL'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: NTBL has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if NTBL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.