NextPlat Balance Sheet Health
Financial Health criteria checks 6/6
NextPlat has a total shareholder equity of $29.8M and total debt of $1.6M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are $41.1M and $11.3M respectively.
Key information
5.3%
Debt to equity ratio
US$1.57m
Debt
| Interest coverage ratio | n/a |
| Cash | US$20.36m |
| Equity | US$29.79m |
| Total liabilities | US$11.31m |
| Total assets | US$41.10m |
Recent financial health updates
Recent updates
NextPlat Corp (NASDAQ:NXPL) Stock Rockets 26% But Many Are Still Ignoring The Company
Sep 07
NextPlat Corp's (NASDAQ:NXPL) Subdued P/S Might Signal An Opportunity
Jul 15What You Can Learn From NextPlat Corp's (NASDAQ:NXPL) P/S
Jun 08NextPlat completes $7M investment in Progressive Care
Aug 31NextPlat reports Q2 results
Aug 15Orbsat names Charles Fernandez as CEO, chairman
Jun 07Financial Position Analysis
Short Term Liabilities: NXPL's short term assets ($35.8M) exceed its short term liabilities ($9.7M).
Long Term Liabilities: NXPL's short term assets ($35.8M) exceed its long term liabilities ($1.6M).
Debt to Equity History and Analysis
Debt Level: NXPL has more cash than its total debt.
Reducing Debt: NXPL's debt to equity ratio has reduced from 23.8% to 5.3% 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: NXPL has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NXPL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 32.8% each year