Spectra7 Microsystems Inc.

TSXV:SEV Stock Report

Market Cap: CA$24.3m

Spectra7 Microsystems Balance Sheet Health

Financial Health criteria checks 5/6

Spectra7 Microsystems has a total shareholder equity of $3.0M and total debt of $6.6M, which brings its debt-to-equity ratio to 222.5%. Its total assets and total liabilities are $12.0M and $9.0M respectively.

Key information

222.5%

Debt to equity ratio

US$6.64m

Debt

Interest coverage ration/a
CashUS$1.93m
EquityUS$2.98m
Total liabilitiesUS$9.00m
Total assetsUS$11.98m

Recent financial health updates

Recent updates

Spectra7 Microsystems Inc.'s (CVE:SEV) Shares Leap 100% Yet They're Still Not Telling The Full Story

Feb 15
Spectra7 Microsystems Inc.'s (CVE:SEV) Shares Leap 100% Yet They're Still Not Telling The Full Story

Not Many Are Piling Into Spectra7 Microsystems Inc. (CVE:SEV) Stock Yet As It Plummets 37%

Jan 01
Not Many Are Piling Into Spectra7 Microsystems Inc. (CVE:SEV) Stock Yet As It Plummets 37%

We Think Spectra7 Microsystems (CVE:SEV) Has A Fair Chunk Of Debt

Nov 09
We Think Spectra7 Microsystems (CVE:SEV) Has A Fair Chunk Of Debt

Investors Holding Back On Spectra7 Microsystems Inc. (CVE:SEV)

Aug 02
Investors Holding Back On Spectra7 Microsystems Inc. (CVE:SEV)

Does Spectra7 Microsystems (CVE:SEV) Have A Healthy Balance Sheet?

Mar 16
Does Spectra7 Microsystems (CVE:SEV) Have A Healthy Balance Sheet?

Financial Position Analysis

Short Term Liabilities: SEV's short term assets ($10.6M) exceed its short term liabilities ($2.4M).

Long Term Liabilities: SEV's short term assets ($10.6M) exceed its long term liabilities ($6.6M).


Debt to Equity History and Analysis

Debt Level: SEV's net debt to equity ratio (157.6%) is considered high.

Reducing Debt: SEV had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: SEV has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SEV is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.


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