SeaBird Exploration Balance Sheet Health
Financial Health criteria checks 5/6
SeaBird Exploration has a total shareholder equity of $29.2M and total debt of $14.2M, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are $51.4M and $22.2M respectively. SeaBird Exploration's EBIT is $3.2M making its interest coverage ratio 1.6. It has cash and short-term investments of $3.5M.
Key information
48.5%
Debt to equity ratio
US$14.19m
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$3.49m |
| Equity | US$29.24m |
| Total liabilities | US$22.17m |
| Total assets | US$51.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E36's short term assets ($14.8M) exceed its short term liabilities ($11.1M).
Long Term Liabilities: E36's short term assets ($14.8M) exceed its long term liabilities ($11.1M).
Debt to Equity History and Analysis
Debt Level: E36's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: E36's debt to equity ratio has increased from 8.5% to 48.5% 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: Whilst unprofitable E36 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: E36 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.5% per year.