DG Innovate Balance Sheet Health
Financial Health criteria checks 3/6
DG Innovate has a total shareholder equity of £4.4M and total debt of £2.1M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are £7.2M and £2.9M respectively.
Key information
47.4%
Debt to equity ratio
UK£2.07m
Debt
Interest coverage ratio | n/a |
Cash | UK£1.88m |
Equity | UK£4.38m |
Total liabilities | UK£2.86m |
Total assets | UK£7.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DGI's short term assets (£2.3M) exceed its short term liabilities (£564.9K).
Long Term Liabilities: DGI's short term assets (£2.3M) do not cover its long term liabilities (£2.3M).
Debt to Equity History and Analysis
Debt Level: DGI's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: DGI's debt to equity ratio has increased from 10% to 47.4% 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: DGI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DGI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.4% each year