Wearable Devices Balance Sheet Health
Financial Health criteria checks 3/6
Wearable Devices has a total shareholder equity of $1.7M and total debt of $1.9M, which brings its debt-to-equity ratio to 114.1%. Its total assets and total liabilities are $5.4M and $3.7M respectively.
Key information
114.1%
Debt to equity ratio
US$1.93m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.16m |
| Equity | US$1.70m |
| Total liabilities | US$3.68m |
| Total assets | US$5.37m |
Financial Position Analysis
Short Term Liabilities: WLDS's short term assets ($4.7M) exceed its short term liabilities ($3.5M).
Long Term Liabilities: WLDS's short term assets ($4.7M) exceed its long term liabilities ($144.0K).
Debt to Equity History and Analysis
Debt Level: WLDS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if WLDS'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: WLDS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WLDS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 54.5% each year