Essentially Group Balance Sheet Health
Financial Health criteria checks 2/6
Essentially Group has a total shareholder equity of £1.8M and total debt of £1.2M, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are £4.2M and £2.5M respectively.
Key information
68.1%
Debt to equity ratio
UK£1.22m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£103.04k |
| Equity | UK£1.78m |
| Total liabilities | UK£2.46m |
| Total assets | UK£4.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESSN's short term assets (£1.0M) do not cover its short term liabilities (£1.1M).
Long Term Liabilities: ESSN's short term assets (£1.0M) do not cover its long term liabilities (£1.4M).
Debt to Equity History and Analysis
Debt Level: ESSN's net debt to equity ratio (62.4%) is considered high.
Reducing Debt: Insufficient data to determine if ESSN's debt to equity ratio has reduced 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 ESSN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ESSN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 515.3% per year.