South Pacific Metals Balance Sheet Health
Financial Health criteria checks 4/6
South Pacific Metals has a total shareholder equity of $8.2M and total debt of $1.6M, which brings its debt-to-equity ratio to 19.2%. Its total assets and total liabilities are $11.4M and $3.2M respectively.
Key information
19.2%
Debt to equity ratio
US$1.58m
Debt
Interest coverage ratio | n/a |
Cash | US$1.35m |
Equity | US$8.22m |
Total liabilities | US$3.17m |
Total assets | US$11.39m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPMC's short term assets ($1.5M) do not cover its short term liabilities ($2.2M).
Long Term Liabilities: SPMC's short term assets ($1.5M) exceed its long term liabilities ($1.0M).
Debt to Equity History and Analysis
Debt Level: SPMC's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SPMC'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: SPMC has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SPMC is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.