SomnoMed Balance Sheet Health
Financial Health criteria checks 6/6
SomnoMed has a total shareholder equity of A$45.0M and total debt of A$1.0M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are A$69.8M and A$24.8M respectively.
Key information
2.3%
Debt to equity ratio
AU$1.02m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$16.18m |
| Equity | AU$45.02m |
| Total liabilities | AU$24.78m |
| Total assets | AU$69.80m |
Recent financial health updates
SomnoMed (ASX:SOM) Has Debt But No Earnings; Should You Worry?
Mar 04
Is SomnoMed (ASX:SOM) Using Too Much Debt?
Jun 19SomnoMed (ASX:SOM) Has Debt But No Earnings; Should You Worry?
Sep 27Is SomnoMed (ASX:SOM) Using Debt Sensibly?
May 10Is SomnoMed (ASX:SOM) Using Debt Sensibly?
Oct 26Health Check: How Prudently Does SomnoMed (ASX:SOM) Use Debt?
May 12Recent updates
Benign Growth For SomnoMed Limited (ASX:SOM) Underpins Stock's 27% Plummet
Oct 16SomnoMed Limited's (ASX:SOM) Share Price Boosted 30% But Its Business Prospects Need A Lift Too
Jul 15SomnoMed Limited (ASX:SOM) Shares Fly 30% But Investors Aren't Buying For Growth
May 31SomnoMed Limited (ASX:SOM) Stock's 43% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Apr 15SomnoMed (ASX:SOM) Has Debt But No Earnings; Should You Worry?
Mar 04Market Still Lacking Some Conviction On SomnoMed Limited (ASX:SOM)
Dec 21SomnoMed Limited (ASX:SOM) Could Be Riskier Than It Looks
Sep 02Is SomnoMed (ASX:SOM) Using Too Much Debt?
Jun 19It's Unlikely That SomnoMed Limited's (ASX:SOM) CEO Will See A Huge Pay Rise This Year
Nov 18SomnoMed (ASX:SOM) Has Debt But No Earnings; Should You Worry?
Sep 27Is SomnoMed (ASX:SOM) Using Debt Sensibly?
May 10Is SomnoMed (ASX:SOM) Using Debt Sensibly?
Oct 26Health Check: How Prudently Does SomnoMed (ASX:SOM) Use Debt?
May 12Could The SomnoMed Limited (ASX:SOM) Ownership Structure Tell Us Something Useful?
Mar 02Have Insiders Been Buying SomnoMed Limited (ASX:SOM) Shares?
Feb 01
Is SomnoMed (ASX:SOM) Using Debt In A Risky Way?
Dec 28Is SomnoMed Limited (ASX:SOM) Trading At A 38% Discount?
Dec 01Analysts Just Published A Bright New Outlook For SomnoMed Limited's (ASX:SOM)
Jul 28SomnoMed Limited (ASX:SOM) Insiders Increased Their Holdings
Jul 14Financial Position Analysis
Short Term Liabilities: SOM's short term assets (A$35.1M) exceed its short term liabilities (A$19.9M).
Long Term Liabilities: SOM's short term assets (A$35.1M) exceed its long term liabilities (A$4.8M).
Debt to Equity History and Analysis
Debt Level: SOM has more cash than its total debt.
Reducing Debt: SOM's debt to equity ratio has reduced from 16.9% to 2.3% 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: SOM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SOM has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 13.2% each year.