Scientific Energy Balance Sheet Health
Financial Health criteria checks 4/6
Scientific Energy has a total shareholder equity of $69.0M and total debt of $2.2M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are $84.7M and $15.7M respectively. Scientific Energy's EBIT is $1.6M making its interest coverage ratio 13.7. It has cash and short-term investments of $3.0M.
Key information
3.2%
Debt to equity ratio
US$2.23m
Debt
Interest coverage ratio | 13.7x |
Cash | US$2.98m |
Equity | US$69.00m |
Total liabilities | US$15.72m |
Total assets | US$84.72m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SCGY's short term assets ($10.1M) do not cover its short term liabilities ($15.6M).
Long Term Liabilities: SCGY's short term assets ($10.1M) exceed its long term liabilities ($72.5K).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SCGY's interest payments on its debt are well covered by EBIT (13.7x coverage).