SeaBird Exploration Balance Sheet Health
Financial Health criteria checks 2/6
SeaBird Exploration has a total shareholder equity of $26.4M and total debt of $21.4M, which brings its debt-to-equity ratio to 81.2%. Its total assets and total liabilities are $65.4M and $39.1M respectively.
Key information
81.2%
Debt to equity ratio
US$21.42m
Debt
Interest coverage ratio | n/a |
Cash | US$2.05m |
Equity | US$26.37m |
Total liabilities | US$39.06m |
Total assets | US$65.44m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GEGO's short term assets ($20.2M) do not cover its short term liabilities ($39.1M).
Long Term Liabilities: GEGO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GEGO's net debt to equity ratio (73.4%) is considered high.
Reducing Debt: GEGO's debt to equity ratio has reduced from 917.1% to 81.2% 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: GEGO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GEGO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.