Skylight Health Group Balance Sheet Health
Financial Health criteria checks 1/6
Skylight Health Group has a total shareholder equity of CA$19.6M and total debt of CA$12.6M, which brings its debt-to-equity ratio to 64.3%. Its total assets and total liabilities are CA$72.8M and CA$53.1M respectively.
Key information
64.3%
Debt to equity ratio
CA$12.63m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$194.00k |
| Equity | CA$19.63m |
| Total liabilities | CA$53.14m |
| Total assets | CA$72.77m |
Financial Position Analysis
Short Term Liabilities: SLHG's short term assets (CA$16.9M) do not cover its short term liabilities (CA$20.5M).
Long Term Liabilities: SLHG's short term assets (CA$16.9M) do not cover its long term liabilities (CA$32.6M).
Debt to Equity History and Analysis
Debt Level: SLHG's net debt to equity ratio (63.4%) is considered high.
Reducing Debt: SLHG's debt to equity ratio has reduced from 80.4% to 64.3% 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: Insufficient data to determine if SLHG has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SLHG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.