C

Close The Loop Inc
ASX:CLG

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Close The Loop Inc
ASX:CLG
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Price: 0.075 AUD 1.35% Market Closed
Market Cap: 39.9m AUD

Bankruptcy Probability

Close The Loop Inc's probability of bankruptcy is 4%, pointing to a small but noticeable default risk. The solvency score is 41/100 — a warning sign of potential financial weakness.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Moderate
Probability of Bankruptcy

Financial Position

A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.

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0
Cash & ST Investments
+0%
Dec 31, 2024 37.8m
Jun 30, 2024 40.6m
Dec 31, 2023 55.7m
Jun 30, 2023 49.5m
0
Long-Term Investments
+0%
Dec 31, 2024 207k
Jun 30, 2024 200k
Dec 31, 2023 198k
Jun 30, 2023 155k
0
Debt
+0%
Dec 31, 2024 91.4m
Jun 30, 2024 90.6m
Dec 31, 2023 88.1m
Jun 30, 2023 91m

Interest Coverage

To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.

The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.

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All Solvency Ratios

Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.