Freight Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Freight Technologies has a total shareholder equity of $2.6M and total debt of $3.1M, which brings its debt-to-equity ratio to 117.1%. Its total assets and total liabilities are $10.7M and $8.1M respectively.
Key information
117.1%
Debt to equity ratio
US$3.08m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.56m |
| Equity | US$2.63m |
| Total liabilities | US$8.05m |
| Total assets | US$10.68m |
Recent financial health updates
Recent updates
With A 27% Price Drop For Freight Technologies, Inc. (NASDAQ:FRGT) You'll Still Get What You Pay For
Sep 12
What You Can Learn From Freight Technologies, Inc.'s (NASDAQ:FRGT) P/S After Its 43% Share Price Crash
Jun 20With A 43% Price Drop For Freight Technologies, Inc. (NASDAQ:FRGT) You'll Still Get What You Pay For
May 06With A 27% Price Drop For Freight Technologies, Inc. (NASDAQ:FRGT) You'll Still Get What You Pay For
Mar 22Freight Technologies, Inc. (NASDAQ:FRGT) Doing What It Can To Lift Shares
Jan 18It's Down 25% But Freight Technologies, Inc. (NASDAQ:FRGT) Could Be Riskier Than It Looks
Jun 13Freight Technologies lowers 2022 revenue forecast
Aug 26Freight technologies’ Fr8App upgrades its electronic data interchange
Jul 12Financial Position Analysis
Short Term Liabilities: FRGT's short term assets ($9.8M) exceed its short term liabilities ($7.8M).
Long Term Liabilities: FRGT's short term assets ($9.8M) exceed its long term liabilities ($242.4K).
Debt to Equity History and Analysis
Debt Level: FRGT's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: FRGT 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: Insufficient data to determine if FRGT has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FRGT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.