Cerence Balance Sheet Health
Financial Health criteria checks 3/6
Cerence has a total shareholder equity of $154.2M and total debt of $280.4M, which brings its debt-to-equity ratio to 181.8%. Its total assets and total liabilities are $674.0M and $519.8M respectively. Cerence's EBIT is $59.9M making its interest coverage ratio 8.1. It has cash and short-term investments of $121.0M.
Key information
181.8%
Debt to equity ratio
US$280.38m
Debt
| Interest coverage ratio | 8.1x |
| Cash | US$120.96m |
| Equity | US$154.20m |
| Total liabilities | US$519.78m |
| Total assets | US$673.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0S6's short term assets ($239.6M) exceed its short term liabilities ($183.2M).
Long Term Liabilities: 0S6's short term assets ($239.6M) do not cover its long term liabilities ($336.5M).
Debt to Equity History and Analysis
Debt Level: 0S6's net debt to equity ratio (103.4%) is considered high.
Reducing Debt: 0S6's debt to equity ratio has increased from 0% to 181.8% 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 0S6 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0S6 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 46.2% per year.