Summit Networks Balance Sheet Health
Financial Health criteria checks 0/6
Summit Networks has a total shareholder equity of $-489.5K and total debt of $579.0K, which brings its debt-to-equity ratio to -118.3%. Its total assets and total liabilities are $116.6K and $606.1K respectively.
Key information
-118.3%
Debt to equity ratio
US$579.00k
Debt
Interest coverage ratio | n/a |
Cash | US$114.36k |
Equity | -US$489.51k |
Total liabilities | US$606.09k |
Total assets | US$116.58k |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNTW has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SNTW has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SNTW has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SNTW's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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.