Sound Energy Balance Sheet Health
Financial Health criteria checks 2/6
Sound Energy has a total shareholder equity of £166.7M and total debt of £33.3M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are £204.2M and £37.5M respectively.
Key information
20.0%
Debt to equity ratio
UK£33.29m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£3.02m |
| Equity | UK£166.71m |
| Total liabilities | UK£37.51m |
| Total assets | UK£204.22m |
Financial Position Analysis
Short Term Liabilities: SOU's short term assets (£6.2M) exceed its short term liabilities (£2.8M).
Long Term Liabilities: SOU's short term assets (£6.2M) do not cover its long term liabilities (£34.7M).
Debt to Equity History and Analysis
Debt Level: SOU's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: SOU's debt to equity ratio has increased from 11.4% to 20% 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: Insufficient data to determine if SOU has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SOU has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.