Sunrise Resources Balance Sheet Health
Financial Health criteria checks 4/6
Sunrise Resources has a total shareholder equity of £2.2M and total debt of £275.0K, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are £2.7M and £463.6K respectively.
Key information
12.4%
Debt to equity ratio
UK£275.00k
Debt
| Interest coverage ratio | n/a |
| Cash | UK£161.91k |
| Equity | UK£2.22m |
| Total liabilities | UK£463.60k |
| Total assets | UK£2.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRES's short term assets (£309.3K) do not cover its short term liabilities (£437.6K).
Long Term Liabilities: SRES's short term assets (£309.3K) exceed its long term liabilities (£26.0K).
Debt to Equity History and Analysis
Debt Level: SRES's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: SRES's debt to equity ratio has increased from 0% to 12.4% 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: SRES has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SRES is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.