SMG Industries Balance Sheet Health
Financial Health criteria checks 2/6
SMG Industries has a total shareholder equity of $15.0M and total debt of $46.5M, which brings its debt-to-equity ratio to 309.8%. Its total assets and total liabilities are $76.1M and $61.1M respectively.
Key information
309.8%
Debt to equity ratio
US$46.50m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.67m |
| Equity | US$15.01m |
| Total liabilities | US$61.12m |
| Total assets | US$76.13m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMGI's short term assets ($28.1M) do not cover its short term liabilities ($56.0M).
Long Term Liabilities: SMGI's short term assets ($28.1M) exceed its long term liabilities ($5.1M).
Debt to Equity History and Analysis
Debt Level: SMGI's net debt to equity ratio (285.4%) is considered high.
Reducing Debt: SMGI's debt to equity ratio has reduced from 884.2% to 309.8% 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: Insufficient data to determine if SMGI has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SMGI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.