EarthLabs Balance Sheet Health
Financial Health criteria checks 5/6
EarthLabs has a total shareholder equity of CA$43.5M and total debt of CA$1.0M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CA$50.1M and CA$6.6M respectively.
Key information
2.3%
Debt to equity ratio
CA$1.02m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$43.52m |
| Equity | CA$43.51m |
| Total liabilities | CA$6.58m |
| Total assets | CA$50.09m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SPOT's short term assets (CA$45.3M) exceed its short term liabilities (CA$4.2M).
Long Term Liabilities: SPOT's short term assets (CA$45.3M) exceed its long term liabilities (CA$2.3M).
Debt to Equity History and Analysis
Debt Level: SPOT has more cash than its total debt.
Reducing Debt: SPOT's debt to equity ratio has increased from 0% to 2.3% 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: SPOT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: SPOT has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 6.5% each year.