Shimmick Balance Sheet Health
Financial Health criteria checks 2/6
Shimmick has a total shareholder equity of $38.1M and total debt of $31.5M, which brings its debt-to-equity ratio to 82.6%. Its total assets and total liabilities are $378.0M and $339.9M respectively.
Key information
82.6%
Debt to equity ratio
US$31.49m
Debt
Interest coverage ratio | n/a |
Cash | US$27.33m |
Equity | US$38.12m |
Total liabilities | US$339.88m |
Total assets | US$377.99m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHIM's short term assets ($225.7M) do not cover its short term liabilities ($269.8M).
Long Term Liabilities: SHIM's short term assets ($225.7M) exceed its long term liabilities ($70.1M).
Debt to Equity History and Analysis
Debt Level: SHIM's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SHIM's debt to equity ratio has reduced 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: SHIM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SHIM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 44% each year