SPARQ Systems Balance Sheet Health
Financial Health criteria checks 6/6
SPARQ Systems has a total shareholder equity of CA$12.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$13.4M and CA$1.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$9.71m |
| Equity | CA$12.33m |
| Total liabilities | CA$1.12m |
| Total assets | CA$13.45m |
Financial Position Analysis
Short Term Liabilities: SPRQ's short term assets (CA$13.1M) exceed its short term liabilities (CA$1.1M).
Long Term Liabilities: SPRQ's short term assets (CA$13.1M) exceed its long term liabilities (CA$22.2K).
Debt to Equity History and Analysis
Debt Level: SPRQ is debt free.
Reducing Debt: SPRQ had no debt 5 years ago.
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 sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SPRQ has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 38.7% each year.