Cytta Balance Sheet Health
Financial Health criteria checks 2/6
Cytta has a total shareholder equity of $105.2K and total debt of $1.4M, which brings its debt-to-equity ratio to 1287.7%. Its total assets and total liabilities are $2.7M and $2.5M respectively.
Key information
1,287.7%
Debt to equity ratio
US$1.35m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.72m |
| Equity | US$105.23k |
| Total liabilities | US$2.55m |
| Total assets | US$2.65m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CYCA's short term assets ($2.3M) do not cover its short term liabilities ($2.5M).
Long Term Liabilities: CYCA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CYCA has more cash than its total debt.
Reducing Debt: CYCA's debt to equity ratio has increased from 261.9% to 1287.7% 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: CYCA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CYCA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21% each year