Hipgnosis Songs Fund Balance Sheet Health
Financial Health criteria checks 3/6
Hipgnosis Songs Fund has a total shareholder equity of $1.3B and total debt of $599.0M, which brings its debt-to-equity ratio to 45%. Its total assets and total liabilities are $2.0B and $718.2M respectively.
Key information
45.0%
Debt to equity ratio
US$599.05m
Debt
| Interest coverage ratio | n/a |
| Cash | US$49.58m |
| Equity | US$1.33b |
| Total liabilities | US$718.16m |
| Total assets | US$2.05b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SONGL's short term assets ($214.2M) exceed its short term liabilities ($79.5M).
Long Term Liabilities: SONGL's short term assets ($214.2M) do not cover its long term liabilities ($638.7M).
Debt to Equity History and Analysis
Debt Level: SONGL's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: Insufficient data to determine if SONGL'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: Whilst unprofitable SONGL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SONGL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 46.5% per year.