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 ratio | n/a |
Cash | US$1.93m |
Equity | US$2.98m |
Total liabilities | US$9.00m |
Total assets | US$11.98m |
Recent financial health updates
We Think Spectra7 Microsystems (CVE:SEV) Has A Fair Chunk Of Debt
Nov 09Does Spectra7 Microsystems (CVE:SEV) Have A Healthy Balance Sheet?
Mar 16Recent updates
Spectra7 Microsystems Inc.'s (CVE:SEV) Shares Leap 100% Yet They're Still Not Telling The Full Story
Feb 15Not Many Are Piling Into Spectra7 Microsystems Inc. (CVE:SEV) Stock Yet As It Plummets 37%
Jan 01We Think Spectra7 Microsystems (CVE:SEV) Has A Fair Chunk Of Debt
Nov 09Investors Holding Back On Spectra7 Microsystems Inc. (CVE:SEV)
Aug 02Does Spectra7 Microsystems (CVE:SEV) Have A Healthy Balance Sheet?
Mar 16Financial 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.