Akoustis Technologies Balance Sheet Health
Financial Health criteria checks 0/6
Akoustis Technologies has a total shareholder equity of $-65.2M and total debt of $48.3M, which brings its debt-to-equity ratio to -74%. Its total assets and total liabilities are $57.4M and $122.6M respectively.
Key information
-74.0%
Debt to equity ratio
US$48.27m
Debt
| Interest coverage ratio | n/a |
| Cash | US$12.06m |
| Equity | -US$65.21m |
| Total liabilities | US$122.59m |
| Total assets | US$57.37m |
Recent financial health updates
Recent updates
Slammed 42% Akoustis Technologies, Inc. (NASDAQ:AKTS) Screens Well Here But There Might Be A Catch
Aug 12
Not Many Are Piling Into Akoustis Technologies, Inc. (NASDAQ:AKTS) Stock Yet As It Plummets 29%
Jun 28Not Many Are Piling Into Akoustis Technologies, Inc. (NASDAQ:AKTS) Stock Yet As It Plummets 27%
May 14It's Down 27% But Akoustis Technologies, Inc. (NASDAQ:AKTS) Could Be Riskier Than It Looks
May 14Market Might Still Lack Some Conviction On Akoustis Technologies, Inc. (NASDAQ:AKTS) Even After 36% Share Price Boost
Dec 23Does Akoustis Technologies (NASDAQ:AKTS) Have A Healthy Balance Sheet?
Jul 07Akoustis Technologies secures fourth design win for a new 5G mobile network filter
Sep 28Akoustis Technologies Non-GAAP EPS of -$0.26 misses by $0.05, revenue of $5.2M misses by $0.98M
Sep 12Akoustis Technologies receives development order for two diplexers from Fortune 100 company
Aug 24Akoustis ships second 5G mobile filter design to first foundry customer
Aug 09Akoustis: Still Bullish On Its Speculative Growth Thesis
Jul 21Akoustis Is Rapidly Ramping Up Production
Mar 31Financial Position Analysis
Short Term Liabilities: AKTS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AKTS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AKTS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AKTS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: AKTS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AKTS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.4% each year