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
No updates
Recent updates
Financial 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.