Covalon Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Covalon Technologies has a total shareholder equity of CA$21.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$26.5M and CA$4.9M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$9.41m |
| Equity | CA$21.67m |
| Total liabilities | CA$4.85m |
| Total assets | CA$26.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVAL.F's short term assets (CA$23.3M) exceed its short term liabilities (CA$4.4M).
Long Term Liabilities: CVAL.F's short term assets (CA$23.3M) exceed its long term liabilities (CA$417.2K).
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 175%.
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: Whilst unprofitable CVAL.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CVAL.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 9.7% per year.