Sound Energy Balance Sheet Health
Financial Health criteria checks 2/6
Sound Energy has a total shareholder equity of £19.6M and total debt of £35.5M, which brings its debt-to-equity ratio to 181.7%. Its total assets and total liabilities are £61.4M and £41.8M respectively.
Key information
181.7%
Debt to equity ratio
UK£35.53m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£235.00k |
| Equity | UK£19.56m |
| Total liabilities | UK£41.84m |
| Total assets | UK£61.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 88S1's short term assets (£36.1M) exceed its short term liabilities (£6.3M).
Long Term Liabilities: 88S1's short term assets (£36.1M) exceed its long term liabilities (£35.5M).
Debt to Equity History and Analysis
Debt Level: 88S1's net debt to equity ratio (180.5%) is considered high.
Reducing Debt: 88S1's debt to equity ratio has increased from 12.5% to 181.7% 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: 88S1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 88S1 has less than a year of cash runway if free cash flow continues to grow at historical rates of 22.6% each year.