Splitit Payments Balance Sheet Health
Financial Health criteria checks 5/6
Splitit Payments has a total shareholder equity of $16.5M and total debt of $57.5M, which brings its debt-to-equity ratio to 349.1%. Its total assets and total liabilities are $81.1M and $64.7M respectively.
Key information
349.1%
Debt to equity ratio
US$57.48m
Debt
| Interest coverage ratio | n/a |
| Cash | US$13.77m |
| Equity | US$16.46m |
| Total liabilities | US$64.67m |
| Total assets | US$81.14m |
Recent financial health updates
Splitit Payments (ASX:SPT) Is Using Debt Safely
Sep 22
Here's Why Splitit Payments (ASX:SPT) Can Manage Its Debt Despite Losing Money
Mar 02Recent updates
Financial Position Analysis
Short Term Liabilities: SPT's short term assets ($80.4M) exceed its short term liabilities ($7.0M).
Long Term Liabilities: SPT's short term assets ($80.4M) exceed its long term liabilities ($57.6M).
Debt to Equity History and Analysis
Debt Level: SPT's net debt to equity ratio (265.5%) is considered high.
Reducing Debt: SPT 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: SPT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SPT is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.