essensys Balance Sheet Health
Financial Health criteria checks 5/6
essensys has a total shareholder equity of £17.9M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £23.5M and £5.6M respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£3.46m |
| Equity | UK£17.89m |
| Total liabilities | UK£5.58m |
| Total assets | UK£23.47m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3L8's short term assets (£11.3M) exceed its short term liabilities (£5.6M).
Long Term Liabilities: 3L8 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 3L8 is debt free.
Reducing Debt: 3L8 has no debt compared to 5 years ago when its debt to equity ratio was 303.4%.
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: 3L8 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 3L8 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 62.2% each year