Eco Wave Power Global Balance Sheet Health
Financial Health criteria checks 6/6
Eco Wave Power Global has a total shareholder equity of $7.8M and total debt of $1.1M, which brings its debt-to-equity ratio to 14.3%. Its total assets and total liabilities are $10.0M and $2.2M respectively.
Key information
14.3%
Debt to equity ratio
US$1.11m
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.28m |
| Equity | US$7.80m |
| Total liabilities | US$2.21m |
| Total assets | US$10.01m |
Financial Position Analysis
Short Term Liabilities: WAVE's short term assets ($8.8M) exceed its short term liabilities ($2.1M).
Long Term Liabilities: WAVE's short term assets ($8.8M) exceed its long term liabilities ($78.0K).
Debt to Equity History and Analysis
Debt Level: WAVE has more cash than its total debt.
Reducing Debt: WAVE 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: WAVE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: WAVE has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 16.9% each year.