Software Circle Balance Sheet Health
Financial Health criteria checks 5/6
Software Circle has a total shareholder equity of £22.5M and total debt of £11.0M, which brings its debt-to-equity ratio to 49.1%. Its total assets and total liabilities are £38.0M and £15.6M respectively.
Key information
49.1%
Debt to equity ratio
UK£11.04m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£18.71m |
| Equity | UK£22.49m |
| Total liabilities | UK£15.55m |
| Total assets | UK£38.04m |
Recent financial health updates
Is Grafenia (LON:GRA) Using Too Much Debt?
Aug 08
Does Grafenia (LON:GRA) Have A Healthy Balance Sheet?
Dec 20Is Grafenia (LON:GRA) Using Debt In A Risky Way?
Jan 18Recent updates
Software Circle plc's (LON:SFT) P/S Still Appears To Be Reasonable
Mar 28Grafenia Plc's (LON:GRA) Shares May Have Run Too Fast Too Soon
Oct 17Is Grafenia (LON:GRA) Using Too Much Debt?
Aug 08Does Grafenia (LON:GRA) Have A Healthy Balance Sheet?
Dec 20Is Grafenia (LON:GRA) Using Debt In A Risky Way?
Jan 18What Can We Learn About Grafenia's (LON:GRA) CEO Compensation?
Nov 27Financial Position Analysis
Short Term Liabilities: SFT's short term assets (£21.6M) exceed its short term liabilities (£6.1M).
Long Term Liabilities: SFT's short term assets (£21.6M) exceed its long term liabilities (£9.5M).
Debt to Equity History and Analysis
Debt Level: SFT has more cash than its total debt.
Reducing Debt: SFT's debt to equity ratio has increased from 42.8% to 49.1% 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 SFT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SFT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 25.2% per year.