Freight Technologies Balance Sheet Health
Financial Health criteria checks 2/6
Freight Technologies has a total shareholder equity of $3.0M and total debt of $3.1M, which brings its debt-to-equity ratio to 102.8%. Its total assets and total liabilities are $10.2M and $7.2M respectively.
Key information
102.8%
Debt to equity ratio
US$3.12m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.84m |
| Equity | US$3.04m |
| Total liabilities | US$7.18m |
| Total assets | US$10.21m |
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
Mar 22
Freight 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 ($9.0M) exceed its short term liabilities ($5.9M).
Long Term Liabilities: FRGT's short term assets ($9.0M) exceed its long term liabilities ($1.3M).
Debt to Equity History and Analysis
Debt Level: FRGT's net debt to equity ratio (42.2%) is considered high.
Reducing Debt: Insufficient data to determine if FRGT's debt to equity ratio has reduced 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: 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.