Covalon Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Covalon Technologies has a total shareholder equity of CA$17.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$22.3M and CA$4.6M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$8.29m |
Equity | CA$17.67m |
Total liabilities | CA$4.62m |
Total assets | CA$22.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVAL.F's short term assets (CA$18.6M) exceed its short term liabilities (CA$3.9M).
Long Term Liabilities: CVAL.F's short term assets (CA$18.6M) exceed its long term liabilities (CA$745.2K).
Debt to Equity History and Analysis
Debt Level: CVAL.F is debt free.
Reducing Debt: CVAL.F has no debt compared to 5 years ago when its debt to equity ratio was 123.7%.
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: CVAL.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CVAL.F has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 20% each year.