Spenda Balance Sheet Health
Financial Health criteria checks 5/6
Spenda has a total shareholder equity of A$33.5M and total debt of A$13.1M, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are A$50.8M and A$17.3M respectively.
Key information
39.0%
Debt to equity ratio
AU$13.05m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$6.02m |
| Equity | AU$33.51m |
| Total liabilities | AU$17.29m |
| Total assets | AU$50.80m |
Financial Position Analysis
Short Term Liabilities: SPX's short term assets (A$20.1M) exceed its short term liabilities (A$3.7M).
Long Term Liabilities: SPX's short term assets (A$20.1M) exceed its long term liabilities (A$13.6M).
Debt to Equity History and Analysis
Debt Level: SPX's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: SPX's debt to equity ratio has increased from 0% to 39% 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: SPX has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SPX is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.