HeartCore Enterprises Balance Sheet Health
Financial Health criteria checks 2/6
HeartCore Enterprises has a total shareholder equity of $3.8M and total debt of $2.3M, which brings its debt-to-equity ratio to 62.4%. Its total assets and total liabilities are $24.1M and $20.3M respectively.
Key information
62.4%
Debt to equity ratio
US$2.35m
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.24m |
| Equity | US$3.76m |
| Total liabilities | US$20.31m |
| Total assets | US$24.08m |
Recent financial health updates
Recent updates
Party Time: One Broker Just Made Major Increases To Their HeartCore Enterprises, Inc. (NASDAQ:HTCR) Earnings Forecast
Sep 04
Investors Aren't Entirely Convinced By HeartCore Enterprises, Inc.'s (NASDAQ:HTCR) Revenues
Aug 23HeartCore Enterprises, Inc.'s (NASDAQ:HTCR) Shares Leap 29% Yet They're Still Not Telling The Full Story
Feb 27Slammed 41% HeartCore Enterprises, Inc. (NASDAQ:HTCR) Screens Well Here But There Might Be A Catch
Nov 17HeartCore Enterprises signs deal with GMO MAKESHOP
Sep 28HeartCore to acquire majority stake in IT solutions firm Sigmaways
Sep 08HeartCore Enterprises Diversifies Amid Revenue Contraction And Worsening Operating Losses
Sep 02Financial Position Analysis
Short Term Liabilities: HTCR's short term assets ($10.9M) do not cover its short term liabilities ($15.2M).
Long Term Liabilities: HTCR's short term assets ($10.9M) exceed its long term liabilities ($5.1M).
Debt to Equity History and Analysis
Debt Level: HTCR has more cash than its total debt.
Reducing Debt: Insufficient data to determine if HTCR'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: HTCR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HTCR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 48.3% each year