SRT Marine Systems Balance Sheet Health
Financial Health criteria checks 3/6
SRT Marine Systems has a total shareholder equity of £10.9M and total debt of £9.7M, which brings its debt-to-equity ratio to 89%. Its total assets and total liabilities are £28.7M and £17.8M respectively.
Key information
89.0%
Debt to equity ratio
UK£9.69m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£3.93m |
| Equity | UK£10.89m |
| Total liabilities | UK£17.77m |
| Total assets | UK£28.66m |
Recent financial health updates
Here's Why SRT Marine Systems (LON:SRT) Can Afford Some Debt
Dec 06
SRT Marine Systems (LON:SRT) Is Making Moderate Use Of Debt
Aug 01We Think SRT Marine Systems (LON:SRT) Has A Fair Chunk Of Debt
Mar 16SRT Marine Systems (LON:SRT) Is Carrying A Fair Bit Of Debt
Dec 15Recent updates
SRT Marine Systems plc's (LON:SRT) P/S Still Appears To Be Reasonable
Jan 26Calculating The Fair Value Of SRT Marine Systems plc (LON:SRT)
Jul 12Here's Why SRT Marine Systems (LON:SRT) Can Afford Some Debt
Dec 06Shareholders Will Probably Not Have Any Issues With SRT Marine Systems plc's (LON:SRT) CEO Compensation
Sep 15SRT Marine Systems (LON:SRT) Is Making Moderate Use Of Debt
Aug 01We Think SRT Marine Systems (LON:SRT) Has A Fair Chunk Of Debt
Mar 16Need To Know: SRT Marine Systems plc (LON:SRT) Insiders Have Been Buying Shares
Feb 09If You Had Bought SRT Marine Systems (LON:SRT) Shares Five Years Ago You'd Have Earned 97% Returns
Jan 12SRT Marine Systems (LON:SRT) Is Carrying A Fair Bit Of Debt
Dec 15What Does SRT Marine Systems' (LON:SRT) CEO Pay Reveal?
Nov 19
Financial Position Analysis
Short Term Liabilities: SRT's short term assets (£14.4M) do not cover its short term liabilities (£17.1M).
Long Term Liabilities: SRT's short term assets (£14.4M) exceed its long term liabilities (£638.2K).
Debt to Equity History and Analysis
Debt Level: SRT's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: SRT's debt to equity ratio has increased from 29.7% to 89% 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: SRT has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SRT is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.