Blue Star Foods Balance Sheet Health
Financial Health criteria checks 6/6
Blue Star Foods has a total shareholder equity of $2.6M and total debt of $903.9K, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are $6.4M and $3.8M respectively.
Key information
34.8%
Debt to equity ratio
US$903.89k
Debt
Interest coverage ratio | n/a |
Cash | US$24.16k |
Equity | US$2.59m |
Total liabilities | US$3.77m |
Total assets | US$6.36m |
Recent financial health updates
Recent updates
Blue Star Foods extends multi-year supply relationship with Avendra
Sep 19Blue Star Foods extends multi-year supply relationship with Sysco
Sep 13Blue Star Foods GAAP EPS of -$0.06, revenue of $3M
Aug 16Would Blue Star Foods (NASDAQ:BSFC) Be Better Off With Less Debt?
Jul 04Blue Star Foods: Convertible Note Deals Could Create Compelling Short Selling Opportunities
Mar 03Would Blue Star Foods (NASDAQ:BSFC) Be Better Off With Less Debt?
Dec 02Financial Position Analysis
Short Term Liabilities: BSFC's short term assets ($4.1M) exceed its short term liabilities ($3.2M).
Long Term Liabilities: BSFC's short term assets ($4.1M) exceed its long term liabilities ($570.9K).
Debt to Equity History and Analysis
Debt Level: BSFC's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: BSFC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: BSFC has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: BSFC is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.