SeaBird Exploration Balance Sheet Health
Financial Health criteria checks 3/6
SeaBird Exploration has a total shareholder equity of $32.5M and total debt of $16.4M, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are $68.3M and $35.8M respectively.
Key information
50.6%
Debt to equity ratio
US$16.43m
Debt
Interest coverage ratio | n/a |
Cash | US$3.55m |
Equity | US$32.47m |
Total liabilities | US$35.82m |
Total assets | US$68.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SBXO's short term assets ($23.4M) do not cover its short term liabilities ($35.8M).
Long Term Liabilities: SBXO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SBXO's net debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: SBXO's debt to equity ratio has reduced from 58% to 50.6% 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: SBXO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SBXO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.