Spark Power Group Balance Sheet Health
Financial Health criteria checks 4/6
Spark Power Group has a total shareholder equity of CA$59.2M and total debt of CA$62.6M, which brings its debt-to-equity ratio to 105.8%. Its total assets and total liabilities are CA$202.1M and CA$142.9M respectively.
Key information
105.8%
Debt to equity ratio
CA$62.62m
Debt
| Interest coverage ratio | n/a |
| Cash | n/a |
| Equity | CA$59.21m |
| Total liabilities | CA$142.91m |
| Total assets | CA$202.12m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S12's short term assets (CA$102.4M) do not cover its short term liabilities (CA$118.6M).
Long Term Liabilities: S12's short term assets (CA$102.4M) exceed its long term liabilities (CA$24.3M).
Debt to Equity History and Analysis
Debt Level: S12's net debt to equity ratio (105.8%) is considered high.
Reducing Debt: S12's debt to equity ratio has reduced from 214.5% to 105.8% 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 S12 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: S12 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/05 07:24 |
| End of Day Share Price | 2023/12/05 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Spark Power Group Inc. is covered by 4 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Raveel Afzaal | Canaccord Genuity |
| Jeffrey Fenwick | Cormark Securities Inc. |
| David Newman | Desjardins Securities Inc. |