Brownie's Marine Group Balance Sheet Health
Financial Health criteria checks 6/6
Brownie's Marine Group has a total shareholder equity of $2.2M and total debt of $610.1K, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are $5.0M and $2.9M respectively.
Key information
28.3%
Debt to equity ratio
US$610.06k
Debt
Interest coverage ratio | n/a |
Cash | US$287.87k |
Equity | US$2.16m |
Total liabilities | US$2.88m |
Total assets | US$5.03m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BWMG's short term assets ($2.9M) exceed its short term liabilities ($2.1M).
Long Term Liabilities: BWMG's short term assets ($2.9M) exceed its long term liabilities ($749.0K).
Debt to Equity History and Analysis
Debt Level: BWMG's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: BWMG's debt to equity ratio has reduced from 1420.4% to 28.3% 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 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: BWMG is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.