Skychain Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Skychain Technologies has a total shareholder equity of CA$3.3M and total debt of CA$1.3M, which brings its debt-to-equity ratio to 38.9%. Its total assets and total liabilities are CA$11.3M and CA$7.9M respectively.
Key information
38.9%
Debt to equity ratio
CA$1.30m
Debt
Interest coverage ratio | n/a |
Cash | CA$3.10m |
Equity | CA$3.34m |
Total liabilities | CA$7.92m |
Total assets | CA$11.26m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SCT's short term assets (CA$3.4M) do not cover its short term liabilities (CA$5.4M).
Long Term Liabilities: SCT's short term assets (CA$3.4M) exceed its long term liabilities (CA$2.5M).
Debt to Equity History and Analysis
Debt Level: SCT has more cash than its total debt.
Reducing Debt: SCT 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: Insufficient data to determine if SCT has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SCT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.