Spenda Balance Sheet Health
Financial Health criteria checks 4/6
Spenda has a total shareholder equity of A$34.5M and total debt of A$13.4M, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are A$51.0M and A$16.5M respectively.
Key information
38.8%
Debt to equity ratio
AU$13.38m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$9.84m |
| Equity | AU$34.50m |
| Total liabilities | AU$16.54m |
| Total assets | AU$51.05m |
Financial Position Analysis
Short Term Liabilities: SPX's short term assets (A$21.3M) exceed its short term liabilities (A$2.5M).
Long Term Liabilities: SPX's short term assets (A$21.3M) exceed its long term liabilities (A$14.0M).
Debt to Equity History and Analysis
Debt Level: SPX's net debt to equity ratio (10.3%) is considered satisfactory.
Reducing Debt: SPX's debt to equity ratio has increased from 0% to 38.8% 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 more than a year based on its current free cash flow.
Forecast Cash Runway: SPX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.4% each year