Shimmick Balance Sheet Health
Financial Health criteria checks 2/6
Shimmick has a total shareholder equity of $436.0K and total debt of $67.6M, which brings its debt-to-equity ratio to 15495.9%. Its total assets and total liabilities are $344.5M and $344.1M respectively.
Key information
15,495.9%
Debt to equity ratio
US$67.56m
Debt
| Interest coverage ratio | n/a |
| Cash | US$22.38m |
| Equity | US$436.00k |
| Total liabilities | US$344.08m |
| Total assets | US$344.51m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHIM's short term assets ($208.8M) do not cover its short term liabilities ($266.0M).
Long Term Liabilities: SHIM's short term assets ($208.8M) exceed its long term liabilities ($78.1M).
Debt to Equity History and Analysis
Debt Level: SHIM's net debt to equity ratio (10362.6%) is considered high.
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 sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 48.6% each year.