Digital Ally Balance Sheet Health
Financial Health criteria checks 4/6
Digital Ally has a total shareholder equity of $3.1M and total debt of $10.6M, which brings its debt-to-equity ratio to 346.8%. Its total assets and total liabilities are $43.3M and $40.3M respectively.
Key information
346.8%
Debt to equity ratio
US$10.58m
Debt
| Interest coverage ratio | n/a |
| Cash | US$517.11k |
| Equity | US$3.05m |
| Total liabilities | US$40.28m |
| Total assets | US$43.33m |
Recent financial health updates
Recent updates
Take Care Before Diving Into The Deep End On Digital Ally, Inc. (NASDAQ:DGLY)
Mar 01
Take Care Before Jumping Onto Digital Ally, Inc. (NASDAQ:DGLY) Even Though It's 28% Cheaper
Oct 11Digital Ally prices $15M convertible preferred stock offering
Oct 13Digital Ally gains on announcing over $1M in August subscription orders
Sep 26Digital Ally GAAP EPS of -$0.02, revenue of $9.35M
Aug 15Digital Ally bags contract for body-worn cameras
Jul 12Digital Ally gains on report of new DOJ policy on body cams
Jun 08Digital Ally: Down But Certainly Not Out
Jun 01Digital Ally receives multi-year order for its body cameras, EVO-HD In-Car system
Jan 29Financial Position Analysis
Short Term Liabilities: DGLY's short term assets ($14.2M) do not cover its short term liabilities ($27.7M).
Long Term Liabilities: DGLY's short term assets ($14.2M) exceed its long term liabilities ($12.6M).
Debt to Equity History and Analysis
Debt Level: DGLY's net debt to equity ratio (329.9%) is considered high.
Reducing Debt: DGLY had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: DGLY has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: DGLY is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.