Envirotech Vehicles Balance Sheet Health
Financial Health criteria checks 5/6
Envirotech Vehicles has a total shareholder equity of $18.5M and total debt of $1.1M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are $23.2M and $4.7M respectively.
Key information
6.2%
Debt to equity ratio
US$1.15m
Debt
Interest coverage ratio | n/a |
Cash | US$1.05m |
Equity | US$18.51m |
Total liabilities | US$4.66m |
Total assets | US$23.16m |
Financial Position Analysis
Short Term Liabilities: EVTV's short term assets ($12.6M) exceed its short term liabilities ($4.5M).
Long Term Liabilities: EVTV's short term assets ($12.6M) exceed its long term liabilities ($163.9K).
Debt to Equity History and Analysis
Debt Level: EVTV's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if EVTV'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: EVTV has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EVTV is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.