Spirit Technology Solutions Balance Sheet Health
Financial Health criteria checks 3/6
Spirit Technology Solutions has a total shareholder equity of A$73.0M and total debt of A$35.9M, which brings its debt-to-equity ratio to 49.2%. Its total assets and total liabilities are A$171.4M and A$98.4M respectively.
Key information
49.2%
Debt to equity ratio
AU$35.93m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$8.87m |
| Equity | AU$73.05m |
| Total liabilities | AU$98.37m |
| Total assets | AU$171.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ST1's short term assets (A$38.6M) do not cover its short term liabilities (A$52.4M).
Long Term Liabilities: ST1's short term assets (A$38.6M) do not cover its long term liabilities (A$46.0M).
Debt to Equity History and Analysis
Debt Level: ST1's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: ST1's debt to equity ratio has increased from 19% to 49.2% 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 has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 16.3% each year.