Sunrise Resources Balance Sheet Health
Financial Health criteria checks 2/6
Sunrise Resources has a total shareholder equity of £2.3M and total debt of £300.0K, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are £2.7M and £440.9K respectively.
Key information
13.0%
Debt to equity ratio
UK£300.00k
Debt
Interest coverage ratio | n/a |
Cash | UK£177.97k |
Equity | UK£2.31m |
Total liabilities | UK£440.94k |
Total assets | UK£2.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRES's short term assets (£323.4K) do not cover its short term liabilities (£411.4K).
Long Term Liabilities: SRES's short term assets (£323.4K) exceed its long term liabilities (£29.5K).
Debt to Equity History and Analysis
Debt Level: SRES's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: SRES's debt to equity ratio has increased from 0% to 13% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SRES has less than a year of cash runway if free cash flow continues to reduce at historical rates of 0.5% each year