Dave Balance Sheet Health
Financial Health criteria checks 5/6
Dave has a total shareholder equity of $87.1M and total debt of $180.5M, which brings its debt-to-equity ratio to 207.3%. Its total assets and total liabilities are $294.0M and $207.0M respectively.
Key information
207.3%
Debt to equity ratio
US$180.45m
Debt
| Interest coverage ratio | n/a |
| Cash | US$155.94m |
| Equity | US$87.06m |
| Total liabilities | US$206.96m |
| Total assets | US$294.02m |
Recent financial health updates
Recent updates
Dave: This Move Higher Is Not Done
Apr 23Dave Inc. (NASDAQ:DAVE) Soars 43% But It's A Story Of Risk Vs Reward
Mar 07
Dave: Ready To Move Higher In 2024
Feb 26Dave: Do Not Short The Blistering Rally Of This Neobank
Feb 12Market Might Still Lack Some Conviction On Dave Inc. (NASDAQ:DAVE) Even After 27% Share Price Boost
Jan 17Dave Inc. (NASDAQ:DAVE) Doing What It Can To Lift Shares
Nov 14Earnings Update: Dave Inc. (NASDAQ:DAVE) Just Reported And Analysts Are Trimming Their Forecasts
Mar 09Dave names new technology chief
Sep 06Dave Grows Member Base As Economic Conditions Tighten
Jul 14Is Dave Stock A Buy, Sell, Or Hold Now? There Are Reasons To Be Skeptical
Mar 29Financial Position Analysis
Short Term Liabilities: DAVE's short term assets ($276.9M) exceed its short term liabilities ($25.6M).
Long Term Liabilities: DAVE's short term assets ($276.9M) exceed its long term liabilities ($181.4M).
Debt to Equity History and Analysis
Debt Level: DAVE's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DAVE's debt to equity ratio has reduced 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: Whilst unprofitable DAVE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DAVE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 26.1% per year.