Spruce Power Holding Balance Sheet Health
Financial Health criteria checks 4/6
Spruce Power Holding has a total shareholder equity of $204.6M and total debt of $613.0M, which brings its debt-to-equity ratio to 299.7%. Its total assets and total liabilities are $858.4M and $653.9M respectively.
Key information
299.7%
Debt to equity ratio
US$613.03m
Debt
| Interest coverage ratio | n/a |
| Cash | US$126.86m |
| Equity | US$204.56m |
| Total liabilities | US$653.87m |
| Total assets | US$858.43m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: XLF0's short term assets ($178.9M) exceed its short term liabilities ($53.8M).
Long Term Liabilities: XLF0's short term assets ($178.9M) do not cover its long term liabilities ($600.1M).
Debt to Equity History and Analysis
Debt Level: XLF0's net debt to equity ratio (237.7%) is considered high.
Reducing Debt: XLF0 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 a year based on its current free cash flow.
Forecast Cash Runway: XLF0 has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 22.2% each year.