Surface Transforms Balance Sheet Health
Financial Health criteria checks 3/6
Surface Transforms has a total shareholder equity of £25.7M and total debt of £4.0M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are £37.7M and £12.0M respectively.
Key information
15.4%
Debt to equity ratio
UK£3.98m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£4.98m |
| Equity | UK£25.73m |
| Total liabilities | UK£11.99m |
| Total assets | UK£37.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XE4's short term assets (£18.3M) exceed its short term liabilities (£6.3M).
Long Term Liabilities: XE4's short term assets (£18.3M) exceed its long term liabilities (£5.7M).
Debt to Equity History and Analysis
Debt Level: XE4 has more cash than its total debt.
Reducing Debt: XE4's debt to equity ratio has increased from 4.5% to 15.4% 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: XE4 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: XE4 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.3% each year