Devonian Health Group Balance Sheet Health
Financial Health criteria checks 6/6
Devonian Health Group has a total shareholder equity of CA$13.3M and total debt of CA$2.0M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are CA$25.3M and CA$12.0M respectively.
Key information
15.3%
Debt to equity ratio
CA$2.04m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.51m |
| Equity | CA$13.35m |
| Total liabilities | CA$12.00m |
| Total assets | CA$25.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DVHG.F's short term assets (CA$12.8M) exceed its short term liabilities (CA$11.9M).
Long Term Liabilities: DVHG.F's short term assets (CA$12.8M) exceed its long term liabilities (CA$106.3K).
Debt to Equity History and Analysis
Debt Level: DVHG.F has more cash than its total debt.
Reducing Debt: DVHG.F's debt to equity ratio has reduced from 43% to 15.3% 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: DVHG.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DVHG.F has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 12.5% each year.