Sow Good Balance Sheet Health
Financial Health criteria checks 2/6
Sow Good has a total shareholder equity of $7.3M and total debt of $7.6M, which brings its debt-to-equity ratio to 104.7%. Its total assets and total liabilities are $21.5M and $14.2M respectively. Sow Good's EBIT is $178.2K making its interest coverage ratio 0.1. It has cash and short-term investments of $2.4M.
Key information
104.7%
Debt to equity ratio
US$7.62m
Debt
Interest coverage ratio | 0.1x |
Cash | US$2.41m |
Equity | US$7.28m |
Total liabilities | US$14.21m |
Total assets | US$21.49m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOWG's short term assets ($10.2M) exceed its short term liabilities ($5.8M).
Long Term Liabilities: SOWG's short term assets ($10.2M) exceed its long term liabilities ($8.4M).
Debt to Equity History and Analysis
Debt Level: SOWG's net debt to equity ratio (71.6%) is considered high.
Reducing Debt: SOWG's debt to equity ratio has increased from 0% to 104.7% 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 (0.1x coverage).