Wave Sync Balance Sheet Health
Financial Health criteria checks 3/6
Wave Sync has a total shareholder equity of $21.1M and total debt of $1.6M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are $25.1M and $4.0M respectively.
Key information
7.7%
Debt to equity ratio
US$1.62m
Debt
Interest coverage ratio | n/a |
Cash | US$555.72k |
Equity | US$21.07m |
Total liabilities | US$4.04m |
Total assets | US$25.11m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAYS's short term assets ($946.5K) do not cover its short term liabilities ($2.6M).
Long Term Liabilities: WAYS's short term assets ($946.5K) do not cover its long term liabilities ($1.4M).
Debt to Equity History and Analysis
Debt Level: WAYS's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: WAYS's debt to equity ratio has increased from 0% to 7.7% 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: WAYS has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WAYS is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.