Ameritek Ventures Balance Sheet Health
Financial Health criteria checks 1/6
Ameritek Ventures has a total shareholder equity of $155.6K and total debt of $2.0M, which brings its debt-to-equity ratio to 1255.9%. Its total assets and total liabilities are $3.8M and $3.6M respectively. Ameritek Ventures's EBIT is $126.5K making its interest coverage ratio 0.7. It has cash and short-term investments of $5.6K.
Key information
1,255.9%
Debt to equity ratio
US$1.95m
Debt
Interest coverage ratio | 0.7x |
Cash | US$5.62k |
Equity | US$155.62k |
Total liabilities | US$3.64m |
Total assets | US$3.80m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATVK's short term assets ($139.5K) do not cover its short term liabilities ($1.7M).
Long Term Liabilities: ATVK's short term assets ($139.5K) do not cover its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: ATVK's net debt to equity ratio (1252.3%) is considered high.
Reducing Debt: ATVK 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: ATVK has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ATVK has less than a year of cash runway if free cash flow continues to grow at historical rates of 34.2% each year.