Smartoptics Group Balance Sheet Health
Financial Health criteria checks 5/6
Smartoptics Group has a total shareholder equity of $27.2M and total debt of $589.0K, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are $44.9M and $17.7M respectively. Smartoptics Group's EBIT is $5.0M making its interest coverage ratio 79.4. It has cash and short-term investments of $5.1M.
Key information
2.2%
Debt to equity ratio
US$589.00k
Debt
| Interest coverage ratio | 79.4x |
| Cash | US$5.09m |
| Equity | US$27.18m |
| Total liabilities | US$17.68m |
| Total assets | US$44.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3YL's short term assets ($37.9M) exceed its short term liabilities ($12.5M).
Long Term Liabilities: 3YL's short term assets ($37.9M) exceed its long term liabilities ($5.2M).
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 (1391%).
Interest Coverage: 3YL's interest payments on its debt are well covered by EBIT (79.4x coverage).