Jaywing Balance Sheet Health
Financial Health criteria checks 1/6
Jaywing has a total shareholder equity of £-3.7M and total debt of £13.4M, which brings its debt-to-equity ratio to -366.4%. Its total assets and total liabilities are £21.2M and £24.8M respectively. Jaywing's EBIT is £807.0K making its interest coverage ratio 0.5. It has cash and short-term investments of £458.0K.
Key information
-366.4%
Debt to equity ratio
UK£13.42m
Debt
| Interest coverage ratio | 0.5x |
| Cash | UK£458.00k |
| Equity | -UK£3.66m |
| Total liabilities | UK£24.83m |
| Total assets | UK£21.17m |
Recent financial health updates
Recent updates
Jaywing plc's (LON:JWNG) Share Price Boosted 49% But Its Business Prospects Need A Lift Too
Sep 01
Little Excitement Around Jaywing plc's (LON:JWNG) Revenues
May 14Benign Growth For Jaywing plc (LON:JWNG) Underpins Its Share Price
Jan 04Revenues Working Against Jaywing plc's (LON:JWNG) Share Price
Apr 17Returns On Capital Are Showing Encouraging Signs At Jaywing (LON:JWNG)
Feb 17Returns At Jaywing (LON:JWNG) Appear To Be Weighed Down
Aug 03Here's What To Make Of Jaywing's (LON:JWNG) Decelerating Rates Of Return
Apr 02Be Wary Of Jaywing (LON:JWNG) And Its Returns On Capital
Sep 28Jaywing (LON:JWNG) Has Debt But No Earnings; Should You Worry?
Feb 28Financial Position Analysis
Short Term Liabilities: JWNG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: JWNG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: JWNG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: JWNG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: JWNG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: JWNG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.3% each year