Sovereign Cloud Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Sovereign Cloud Holdings has a total shareholder equity of A$14.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$21.9M and A$7.0M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.67m |
| Equity | AU$14.93m |
| Total liabilities | AU$7.00m |
| Total assets | AU$21.93m |
Recent financial health updates
We're Keeping An Eye On Sovereign Cloud Holdings' (ASX:SOV) Cash Burn Rate
Nov 17
Companies Like Sovereign Cloud Holdings (ASX:SOV) Are In A Position To Invest In Growth
Jul 28Companies Like Sovereign Cloud Holdings (ASX:SOV) Are In A Position To Invest In Growth
Apr 07We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely
Nov 24We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely
Jul 22We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely
Mar 16Recent updates
We're Keeping An Eye On Sovereign Cloud Holdings' (ASX:SOV) Cash Burn Rate
Nov 17Companies Like Sovereign Cloud Holdings (ASX:SOV) Are In A Position To Invest In Growth
Jul 28Companies Like Sovereign Cloud Holdings (ASX:SOV) Are In A Position To Invest In Growth
Apr 07We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely
Nov 24We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely
Jul 22We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely
Mar 16Financial Position Analysis
Short Term Liabilities: SOV's short term assets (A$8.5M) exceed its short term liabilities (A$4.0M).
Long Term Liabilities: SOV's short term assets (A$8.5M) exceed its long term liabilities (A$3.0M).
Debt to Equity History and Analysis
Debt Level: SOV is debt free.
Reducing Debt: SOV has no debt compared to 5 years ago when its debt to equity ratio was 30.6%.
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: SOV has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SOV is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.