Spackman Entertainment Group Balance Sheet Health
Financial Health criteria checks 3/6
Spackman Entertainment Group has a total shareholder equity of $17.7M and total debt of $3.6M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are $23.4M and $5.7M respectively.
Key information
20.3%
Debt to equity ratio
US$3.60m
Debt
Interest coverage ratio | n/a |
Cash | US$1.68m |
Equity | US$17.70m |
Total liabilities | US$5.68m |
Total assets | US$23.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 40E's short term assets ($8.1M) exceed its short term liabilities ($5.1M).
Long Term Liabilities: 40E's short term assets ($8.1M) exceed its long term liabilities ($581.1K).
Debt to Equity History and Analysis
Debt Level: 40E's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: 40E's debt to equity ratio has increased from 9% to 20.3% 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: 40E has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 40E has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.4% each year