SPARQ Systems Balance Sheet Health
Financial Health criteria checks 3/6
SPARQ Systems has a total shareholder equity of CA$2.0M and total debt of CA$454.8K, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are CA$4.4M and CA$2.4M respectively.
Key information
22.6%
Debt to equity ratio
CA$454.85k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$287.83k |
| Equity | CA$2.02m |
| Total liabilities | CA$2.38m |
| Total assets | CA$4.39m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SPRQ's short term assets (CA$4.0M) exceed its short term liabilities (CA$2.3M).
Long Term Liabilities: SPRQ's short term assets (CA$4.0M) exceed its long term liabilities (CA$37.7K).
Debt to Equity History and Analysis
Debt Level: SPRQ's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SPRQ's debt to equity ratio has reduced 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: SPRQ has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SPRQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 51% each year