Sunworks Balance Sheet Health
Financial Health criteria checks 4/6
Sunworks has a total shareholder equity of $21.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $67.5M and $45.9M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.20m |
| Equity | US$21.61m |
| Total liabilities | US$45.89m |
| Total assets | US$67.50m |
Recent financial health updates
Recent updates
Investors Give Sunworks, Inc. (NASDAQ:SUNW) Shares A 26% Hiding
Aug 16
We Think Sunworks (NASDAQ:SUNW) Needs To Drive Business Growth Carefully
Mar 04Sunworks: Strategy Initiatives Are A Step In Right Direction
Oct 05Earnings Beat: Sunworks, Inc. (NASDAQ:SUNW) Just Beat Analyst Forecasts, And Analysts Have Been Lifting Their Forecasts
Aug 13Sunworks Q2 2022 Earnings Preview
Aug 08Sunworks: Unprofitable And Overvalued
Jun 16Sunworks appoints Gaylon Morris as CEO
Jan 11Sunworks: Overpriced On Any Metric, No Windfall In Sight
Dec 15Failing to secure stockholder approval, Sunworks terminates merger deal with Peck
Nov 13Financial Position Analysis
Short Term Liabilities: SUNW's short term assets ($49.3M) exceed its short term liabilities ($39.9M).
Long Term Liabilities: SUNW's short term assets ($49.3M) exceed its long term liabilities ($6.0M).
Debt to Equity History and Analysis
Debt Level: SUNW is debt free.
Reducing Debt: SUNW has no debt compared to 5 years ago when its debt to equity ratio was 43.4%.
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: SUNW has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SUNW has less than a year of cash runway if free cash flow continues to reduce at historical rates of 41.3% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/02/06 03:29 |
| End of Day Share Price | 2024/02/05 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sunworks, Inc. is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ashok Kumar | Aegis Capital Corporation |
| James McIlree | Chardan Capital Markets, LLC |
| Donovan Schafer | Colliers Securities |