Summit Networks Balance Sheet Health
Financial Health criteria checks 2/6
Summit Networks has a total shareholder equity of $2.1M and total debt of $681.2K, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are $2.8M and $719.2K respectively.
Key information
32.7%
Debt to equity ratio
US$681.24k
Debt
| Interest coverage ratio | n/a |
| Cash | US$106.55k |
| Equity | US$2.08m |
| Total liabilities | US$719.20k |
| Total assets | US$2.80m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNTW's short term assets ($129.5K) do not cover its short term liabilities ($719.2K).
Long Term Liabilities: SNTW has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SNTW's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SNTW's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SNTW's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if SNTW's interest payments on its debt are well covered by EBIT.