Borqs Technologies Balance Sheet Health
Financial Health criteria checks 0/6
Borqs Technologies has a total shareholder equity of $-10.6M and total debt of $1.2M, which brings its debt-to-equity ratio to -11%. Its total assets and total liabilities are $26.4M and $37.0M respectively.
Key information
-11.0%
Debt to equity ratio
US$1.17m
Debt
| Interest coverage ratio | n/a |
| Cash | US$8.28m |
| Equity | -US$10.61m |
| Total liabilities | US$36.97m |
| Total assets | US$26.35m |
Recent financial health updates
Recent updates
Borqs subsidiary signs power purchase agreement to provide solar + energy storage systems
Sep 20Borqs regained compliance with Nasdaq’s minimum bid price rule
Jul 14Borqs' Holu Hou Energy signed $49.8M of contracts in Q2 2022 in Hawaii, stock +15%
Jul 01Borqs Technologies begins R&D and Manufacturing facilities construction
May 06Borqs Technologies to eliminate $18M debt and institutional loans
Dec 24Borqs Technologies pops after signing agreement for 5G industrial park
Dec 02Financial Position Analysis
Short Term Liabilities: BRQS.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: BRQS.F 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: BRQS.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: BRQS.F'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: Insufficient data to determine if BRQS.F has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BRQS.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.