Snipp Interactive Balance Sheet Health
Financial Health criteria checks 5/6
Snipp Interactive has a total shareholder equity of $5.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $15.7M and $10.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$6.70m |
| Equity | US$5.58m |
| Total liabilities | US$10.16m |
| Total assets | US$15.75m |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push Snipp Interactive Inc. (CVE:SPN) Shares Up 31% But Growth Is Lacking
Nov 06
Optimistic Investors Push Snipp Interactive Inc. (CVE:SPN) Shares Up 27% But Growth Is Lacking
Aug 02Some Snipp Interactive Inc. (CVE:SPN) Shareholders Look For Exit As Shares Take 29% Pounding
Jun 08Snipp Interactive Inc. (CVE:SPN) Might Not Be As Mispriced As It Looks
Mar 09What Does Snipp Interactive Inc.'s (CVE:SPN) Share Price Indicate?
Apr 03Is Now An Opportune Moment To Examine Snipp Interactive Inc. (CVE:SPN)?
Dec 15Financial Position Analysis
Short Term Liabilities: SPN's short term assets ($8.7M) do not cover its short term liabilities ($9.7M).
Long Term Liabilities: SPN's short term assets ($8.7M) exceed its long term liabilities ($479.9K).
Debt to Equity History and Analysis
Debt Level: SPN is debt free.
Reducing Debt: SPN 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: Whilst unprofitable SPN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SPN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.5% per year.