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.