Spruce Power Holding Balance Sheet Health
Financial Health criteria checks 3/6
Spruce Power Holding has a total shareholder equity of $244.1M and total debt of $627.3M, which brings its debt-to-equity ratio to 257%. Its total assets and total liabilities are $940.1M and $696.0M respectively.
Key information
257.0%
Debt to equity ratio
US$627.33m
Debt
| Interest coverage ratio | n/a |
| Cash | US$168.01m |
| Equity | US$244.14m |
| Total liabilities | US$695.98m |
| Total assets | US$940.12m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XLF0's short term assets ($228.6M) exceed its short term liabilities ($81.8M).
Long Term Liabilities: XLF0's short term assets ($228.6M) do not cover its long term liabilities ($614.2M).
Debt to Equity History and Analysis
Debt Level: XLF0's net debt to equity ratio (188.1%) is considered high.
Reducing Debt: Insufficient data to determine if XLF0's debt to equity ratio has reduced 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: XLF0 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: XLF0 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 32% each year