SPI Energy Balance Sheet Health
Financial Health criteria checks 4/6
SPI Energy has a total shareholder equity of $16.0M and total debt of $54.7M, which brings its debt-to-equity ratio to 342%. Its total assets and total liabilities are $230.2M and $214.2M respectively.
Key information
342.0%
Debt to equity ratio
US$54.73m
Debt
Interest coverage ratio | n/a |
Cash | US$5.53m |
Equity | US$16.00m |
Total liabilities | US$214.19m |
Total assets | US$230.19m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7XSP's short term assets ($81.0M) do not cover its short term liabilities ($195.7M).
Long Term Liabilities: 7XSP's short term assets ($81.0M) exceed its long term liabilities ($18.5M).
Debt to Equity History and Analysis
Debt Level: 7XSP's net debt to equity ratio (307.5%) is considered high.
Reducing Debt: 7XSP 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: 7XSP has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 7XSP is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.