Zinc Media Group Balance Sheet Health
Financial Health criteria checks 5/6
Zinc Media Group has a total shareholder equity of £5.8M and total debt of £3.5M, which brings its debt-to-equity ratio to 59.7%. Its total assets and total liabilities are £24.3M and £18.5M respectively.
Key information
59.7%
Debt to equity ratio
UK£3.46m
Debt
Interest coverage ratio | n/a |
Cash | UK£4.95m |
Equity | UK£5.80m |
Total liabilities | UK£18.54m |
Total assets | UK£24.34m |
Financial Position Analysis
Short Term Liabilities: ZIN's short term assets (£15.7M) do not cover its short term liabilities (£16.3M).
Long Term Liabilities: ZIN's short term assets (£15.7M) exceed its long term liabilities (£2.3M).
Debt to Equity History and Analysis
Debt Level: ZIN has more cash than its total debt.
Reducing Debt: ZIN's debt to equity ratio has reduced from 77.7% to 59.7% 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: Whilst unprofitable ZIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ZIN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.4% per year.