Scientific Energy Balance Sheet Health
Financial Health criteria checks 5/6
Scientific Energy has a total shareholder equity of $71.0M and total debt of $2.4M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are $92.7M and $21.7M respectively. Scientific Energy's EBIT is $3.1M making its interest coverage ratio 22.9. It has cash and short-term investments of $6.8M.
Key information
3.3%
Debt to equity ratio
US$2.36m
Debt
| Interest coverage ratio | 22.9x |
| Cash | US$6.80m |
| Equity | US$71.00m |
| Total liabilities | US$21.69m |
| Total assets | US$92.69m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SCGY's short term assets ($17.9M) do not cover its short term liabilities ($21.5M).
Long Term Liabilities: SCGY's short term assets ($17.9M) exceed its long term liabilities ($197.6K).
Debt to Equity History and Analysis
Debt Level: SCGY has more cash than its total debt.
Reducing Debt: SCGY had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SCGY's debt is well covered by operating cash flow (106.3%).
Interest Coverage: SCGY's interest payments on its debt are well covered by EBIT (22.9x coverage).