Singing Machine Company Balance Sheet Health
Financial Health criteria checks 6/6
Singing Machine Company has a total shareholder equity of $7.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $27.7M and $20.1M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$6.70m |
| Equity | US$7.58m |
| Total liabilities | US$20.14m |
| Total assets | US$27.72m |
Recent financial health updates
Recent updates
Market Might Still Lack Some Conviction On The Singing Machine Company, Inc. (NASDAQ:MICS) Even After 46% Share Price Boost
Feb 28
The Singing Machine Company, Inc.'s (NASDAQ:MICS) Share Price Could Signal Some Risk
Nov 14Singing Machine to secure up to $15M financing from Fifth Third Bank
Oct 18Singing Machine announces new fall partnership with Sam’s Club for Fall 2022
Sep 20Singing Machine GAAP EPS of -$0.01, revenue of $11.69M
Aug 22Singing Machine GAAP EPS of $0.14, revenue of $47.51M
Jul 14Financial Position Analysis
Short Term Liabilities: MICS's short term assets ($23.2M) exceed its short term liabilities ($16.2M).
Long Term Liabilities: MICS's short term assets ($23.2M) exceed its long term liabilities ($3.9M).
Debt to Equity History and Analysis
Debt Level: MICS is debt free.
Reducing Debt: MICS has no debt compared to 5 years ago when its debt to equity ratio was 42.8%.
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: Whilst unprofitable MICS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MICS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 30.3% per year.