SeaBird Exploration Balance Sheet Health
Financial Health criteria checks 4/6
SeaBird Exploration has a total shareholder equity of $27.0M and total debt of $14.9M, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are $51.0M and $24.0M respectively. SeaBird Exploration's EBIT is $856.0K making its interest coverage ratio 0.4. It has cash and short-term investments of $1.9M.
Key information
55.1%
Debt to equity ratio
US$14.87m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$1.93m |
| Equity | US$26.96m |
| Total liabilities | US$24.03m |
| Total assets | US$50.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SBXO's short term assets ($13.5M) exceed its short term liabilities ($12.2M).
Long Term Liabilities: SBXO's short term assets ($13.5M) exceed its long term liabilities ($11.8M).
Debt to Equity History and Analysis
Debt Level: SBXO's net debt to equity ratio (48%) is considered high.
Reducing Debt: SBXO's debt to equity ratio has increased from 8% to 55.1% 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 SBXO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SBXO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.9% per year.