Brownie's Marine Group Balance Sheet Health
Financial Health criteria checks 6/6
Brownie's Marine Group has a total shareholder equity of $1.6M and total debt of $1.1M, which brings its debt-to-equity ratio to 68.3%. Its total assets and total liabilities are $5.4M and $3.8M respectively.
Key information
68.3%
Debt to equity ratio
US$1.07m
Debt
| Interest coverage ratio | n/a |
| Cash | US$646.48k |
| Equity | US$1.57m |
| Total liabilities | US$3.84m |
| Total assets | US$5.40m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BWMG's short term assets ($3.7M) exceed its short term liabilities ($3.2M).
Long Term Liabilities: BWMG's short term assets ($3.7M) exceed its long term liabilities ($604.8K).
Debt to Equity History and Analysis
Debt Level: BWMG's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: BWMG's debt to equity ratio has reduced from 227.6% to 68.3% 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: BWMG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: BWMG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 4.9% each year