Smartoptics Group Balance Sheet Health
Financial Health criteria checks 5/6
Smartoptics Group has a total shareholder equity of $30.0M and total debt of $1.4M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are $49.0M and $19.0M respectively. Smartoptics Group's EBIT is $8.9M making its interest coverage ratio -812.9. It has cash and short-term investments of $9.3M.
Key information
4.8%
Debt to equity ratio
US$1.44m
Debt
Interest coverage ratio | -812.9x |
Cash | US$9.32m |
Equity | US$30.05m |
Total liabilities | US$18.96m |
Total assets | US$49.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3YL's short term assets ($41.9M) exceed its short term liabilities ($13.4M).
Long Term Liabilities: 3YL's short term assets ($41.9M) exceed its long term liabilities ($5.6M).
Debt to Equity History and Analysis
Debt Level: 3YL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 3YL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 3YL's debt is well covered by operating cash flow (822.6%).
Interest Coverage: 3YL earns more interest than it pays, so coverage of interest payments is not a concern.