Wearable Devices Balance Sheet Health
Financial Health criteria checks 6/6
Wearable Devices has a total shareholder equity of $5.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $7.6M and $2.1M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$4.86m |
Equity | US$5.53m |
Total liabilities | US$2.07m |
Total assets | US$7.59m |
Financial Position Analysis
Short Term Liabilities: WLDS's short term assets ($6.8M) exceed its short term liabilities ($1.8M).
Long Term Liabilities: WLDS's short term assets ($6.8M) exceed its long term liabilities ($278.0K).
Debt to Equity History and Analysis
Debt Level: WLDS is debt free.
Reducing Debt: WLDS had no debt 5 years ago.
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 sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WLDS is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.