Sow Good Balance Sheet Health
Financial Health criteria checks 3/6
Sow Good has a total shareholder equity of $12.9M and total debt of $7.9M, which brings its debt-to-equity ratio to 61.2%. Its total assets and total liabilities are $27.9M and $15.0M respectively. Sow Good's EBIT is $2.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $6.8M.
Key information
61.2%
Debt to equity ratio
US$7.89m
Debt
Interest coverage ratio | 1.1x |
Cash | US$6.82m |
Equity | US$12.90m |
Total liabilities | US$15.00m |
Total assets | US$27.90m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOWG's short term assets ($16.2M) exceed its short term liabilities ($6.5M).
Long Term Liabilities: SOWG's short term assets ($16.2M) exceed its long term liabilities ($8.5M).
Debt to Equity History and Analysis
Debt Level: SOWG's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: SOWG's debt to equity ratio has increased from 0% to 61.2% over the past 5 years.
Debt Coverage: SOWG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SOWG's interest payments on its debt are not well covered by EBIT (1.1x coverage).