WaveDancer Balance Sheet Health
Financial Health criteria checks 2/6
WaveDancer has a total shareholder equity of $2.3M and total debt of $500.0K, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are $4.5M and $2.3M respectively.
Key information
22.0%
Debt to equity ratio
US$500.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$682.00k |
| Equity | US$2.27m |
| Total liabilities | US$2.25m |
| Total assets | US$4.52m |
Financial Position Analysis
Short Term Liabilities: WAVD's short term assets ($2.1M) do not cover its short term liabilities ($2.1M).
Long Term Liabilities: WAVD's short term assets ($2.1M) exceed its long term liabilities ($152.8K).
Debt to Equity History and Analysis
Debt Level: WAVD has more cash than its total debt.
Reducing Debt: WAVD's debt to equity ratio has increased from 0% to 22% 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: WAVD has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WAVD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 48.1% each year