SPARQ Systems Balance Sheet Health
Financial Health criteria checks 4/6
SPARQ Systems has a total shareholder equity of CA$1.1M and total debt of CA$1.2M, which brings its debt-to-equity ratio to 106%. Its total assets and total liabilities are CA$4.5M and CA$3.4M respectively.
Key information
106.0%
Debt to equity ratio
CA$1.17m
Debt
Interest coverage ratio | n/a |
Cash | CA$402.61k |
Equity | CA$1.11m |
Total liabilities | CA$3.40m |
Total assets | CA$4.50m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SPRQ's short term assets (CA$4.1M) exceed its short term liabilities (CA$3.4M).
Long Term Liabilities: SPRQ's short term assets (CA$4.1M) exceed its long term liabilities (CA$30.1K).
Debt to Equity History and Analysis
Debt Level: SPRQ's net debt to equity ratio (69.6%) is considered high.
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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SPRQ is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.