Shumba Energy Balance Sheet Health
Financial Health criteria checks 1/6
Shumba Energy has a total shareholder equity of $9.0M and total debt of $4.0M, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are $17.4M and $8.4M respectively.
Key information
43.9%
Debt to equity ratio
US$3.96m
Debt
| Interest coverage ratio | n/a |
| Cash | US$55.57k |
| Equity | US$9.03m |
| Total liabilities | US$8.38m |
| Total assets | US$17.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHUM-EQO's short term assets ($92.2K) do not cover its short term liabilities ($613.2K).
Long Term Liabilities: SHUM-EQO's short term assets ($92.2K) do not cover its long term liabilities ($7.8M).
Debt to Equity History and Analysis
Debt Level: SHUM-EQO's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: SHUM-EQO's debt to equity ratio has reduced from 47.4% to 43.9% 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: SHUM-EQO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SHUM-EQO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14% each year