Electric Guitar Balance Sheet Health
Financial Health criteria checks 4/6
Electric Guitar has a total shareholder equity of £454.9K and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £521.2K and £66.3K respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£491.64k |
| Equity | UK£454.87k |
| Total liabilities | UK£66.30k |
| Total assets | UK£521.17k |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELEG's short term assets (£521.2K) exceed its short term liabilities (£66.3K).
Long Term Liabilities: ELEG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ELEG is debt free.
Reducing Debt: ELEG has not had any debt for 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: ELEG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELEG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 61.3% each year