Forge Innovation Development Balance Sheet Health
Financial Health criteria checks 1/6
Forge Innovation Development has a total shareholder equity of $4.0M and total debt of $4.6M, which brings its debt-to-equity ratio to 114.3%. Its total assets and total liabilities are $9.9M and $5.9M respectively.
Key information
114.3%
Debt to equity ratio
US$4.56m
Debt
Interest coverage ratio | n/a |
Cash | US$10.69k |
Equity | US$3.99m |
Total liabilities | US$5.88m |
Total assets | US$9.87m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGNV's short term assets ($1.6M) exceed its short term liabilities ($1.6M).
Long Term Liabilities: FGNV's short term assets ($1.6M) do not cover its long term liabilities ($4.3M).
Debt to Equity History and Analysis
Debt Level: FGNV's net debt to equity ratio (114.1%) is considered high.
Reducing Debt: FGNV's debt to equity ratio has increased from 0% to 114.3% 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: FGNV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FGNV has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.6% each year.