Schmitt Industries Balance Sheet Health
Financial Health criteria checks 0/6
Schmitt Industries has a total shareholder equity of $605.2K and total debt of $3.0M, which brings its debt-to-equity ratio to 495.7%. Its total assets and total liabilities are $22.8M and $22.2M respectively.
Key information
495.7%
Debt to equity ratio
US$3.00m
Debt
Interest coverage ratio | n/a |
Cash | US$1.05m |
Equity | US$605.21k |
Total liabilities | US$22.23m |
Total assets | US$22.84m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SI1A's short term assets ($4.0M) do not cover its short term liabilities ($5.8M).
Long Term Liabilities: SI1A's short term assets ($4.0M) do not cover its long term liabilities ($16.4M).
Debt to Equity History and Analysis
Debt Level: SI1A's net debt to equity ratio (322.1%) is considered high.
Reducing Debt: SI1A's debt to equity ratio has increased from 0% to 495.7% 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: Insufficient data to determine if SI1A has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SI1A has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.