Sovereign Cloud Holdings Limited

ASX:SOV Stock Report

Market Cap: AU$47.4m

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 ration/a
CashAU$4.67m
EquityAU$14.93m
Total liabilitiesAU$7.00m
Total assetsAU$21.93m

Recent financial health updates

Recent updates

We're Keeping An Eye On Sovereign Cloud Holdings' (ASX:SOV) Cash Burn Rate

Nov 17
We're Keeping An Eye On Sovereign Cloud Holdings' (ASX:SOV) Cash Burn Rate

Companies Like Sovereign Cloud Holdings (ASX:SOV) Are In A Position To Invest In Growth

Jul 28
Companies Like Sovereign Cloud Holdings (ASX:SOV) Are In A Position To Invest In Growth

Companies Like Sovereign Cloud Holdings (ASX:SOV) Are In A Position To Invest In Growth

Apr 07
Companies Like Sovereign Cloud Holdings (ASX:SOV) Are In A Position To Invest In Growth

We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely

Nov 24
We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely

We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely

Jul 22
We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely

We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely

Mar 16
We're Hopeful That Sovereign Cloud Holdings (ASX:SOV) Will Use Its Cash Wisely

Financial 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.


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Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.