Cerence Balance Sheet Health
Financial Health criteria checks 3/6
Cerence has a total shareholder equity of $141.1M and total debt of $281.9M, which brings its debt-to-equity ratio to 199.8%. Its total assets and total liabilities are $702.4M and $561.3M respectively. Cerence's EBIT is $46.3M making its interest coverage ratio 6.4. It has cash and short-term investments of $127.0M.
Key information
199.8%
Debt to equity ratio
US$281.91m
Debt
| Interest coverage ratio | 6.4x |
| Cash | US$126.99m |
| Equity | US$141.10m |
| Total liabilities | US$561.26m |
| Total assets | US$702.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C2RN34's short term assets ($265.5M) exceed its short term liabilities ($216.8M).
Long Term Liabilities: C2RN34's short term assets ($265.5M) do not cover its long term liabilities ($344.5M).
Debt to Equity History and Analysis
Debt Level: C2RN34's net debt to equity ratio (109.8%) is considered high.
Reducing Debt: C2RN34's debt to equity ratio has increased from 0% to 199.8% 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: Whilst unprofitable C2RN34 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: C2RN34 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 44.3% per year.