Spirit Technology Solutions Balance Sheet Health
Financial Health criteria checks 2/6
Spirit Technology Solutions has a total shareholder equity of A$48.8M and total debt of A$33.0M, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are A$119.8M and A$71.0M respectively.
Key information
67.5%
Debt to equity ratio
AU$32.98m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$6.68m |
| Equity | AU$48.84m |
| Total liabilities | AU$70.99m |
| Total assets | AU$119.83m |
Recent financial health updates
Spirit Technology Solutions (ASX:ST1) Has Debt But No Earnings; Should You Worry?
Sep 03
Is Spirit Technology Solutions (ASX:ST1) Using Too Much Debt?
Jun 02Is Spirit Technology Solutions (ASX:ST1) Using Too Much Debt?
Nov 04These 4 Measures Indicate That Spirit Technology Solutions (ASX:ST1) Is Using Debt Extensively
Jun 28Is Spirit Technology Solutions (ASX:ST1) A Risky Investment?
Mar 09Does Spirit Technology Solutions (ASX:ST1) Have A Healthy Balance Sheet?
Nov 22Recent updates
It's Down 28% But Spirit Technology Solutions Ltd (ASX:ST1) Could Be Riskier Than It Looks
Feb 17Spirit Technology Solutions Ltd's (ASX:ST1) Subdued P/S Might Signal An Opportunity
Dec 18Spirit Technology Solutions (ASX:ST1) Has Debt But No Earnings; Should You Worry?
Sep 03Is Spirit Technology Solutions (ASX:ST1) Using Too Much Debt?
Jun 02Is Spirit Technology Solutions (ASX:ST1) Using Too Much Debt?
Nov 04One Spirit Technology Solutions Ltd (ASX:ST1) Analyst Just Slashed Their Estimates By A Noticeable 20%
Aug 26These 4 Measures Indicate That Spirit Technology Solutions (ASX:ST1) Is Using Debt Extensively
Jun 28At AU$0.076, Is Spirit Technology Solutions Ltd (ASX:ST1) Worth Looking At Closely?
May 06Is Spirit Technology Solutions (ASX:ST1) A Risky Investment?
Mar 09Does Spirit Technology Solutions (ASX:ST1) Have A Healthy Balance Sheet?
Nov 22Here's Why Spirit Technology Solutions (ASX:ST1) Can Manage Its Debt Responsibly
Mar 29Financial Position Analysis
Short Term Liabilities: ST1's short term assets (A$26.7M) do not cover its short term liabilities (A$28.7M).
Long Term Liabilities: ST1's short term assets (A$26.7M) do not cover its long term liabilities (A$42.3M).
Debt to Equity History and Analysis
Debt Level: ST1's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: ST1's debt to equity ratio has increased from 30.4% to 67.5% 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: ST1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ST1 is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.