Change Financial Balance Sheet Health
Financial Health criteria checks 2/6
Change Financial has a total shareholder equity of $3.3M and total debt of $1.1M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are $10.3M and $7.0M respectively.
Key information
31.6%
Debt to equity ratio
US$1.06m
Debt
Interest coverage ratio | n/a |
Cash | US$1.50m |
Equity | US$3.34m |
Total liabilities | US$7.00m |
Total assets | US$10.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNGF.F's short term assets ($3.9M) do not cover its short term liabilities ($5.8M).
Long Term Liabilities: CNGF.F's short term assets ($3.9M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: CNGF.F has more cash than its total debt.
Reducing Debt: CNGF.F's debt to equity ratio has increased from 0% to 31.6% 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: CNGF.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CNGF.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 21.1% each year.