SomnoMed Balance Sheet Health
Financial Health criteria checks 5/6
SomnoMed has a total shareholder equity of A$29.9M and total debt of A$12.0M, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are A$63.9M and A$34.0M respectively.
Key information
40.0%
Debt to equity ratio
AU$11.96m
Debt
Interest coverage ratio | n/a |
Cash | AU$12.84m |
Equity | AU$29.90m |
Total liabilities | AU$34.02m |
Total assets | AU$63.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOMN.F's short term assets (A$30.2M) exceed its short term liabilities (A$17.5M).
Long Term Liabilities: SOMN.F's short term assets (A$30.2M) exceed its long term liabilities (A$16.6M).
Debt to Equity History and Analysis
Debt Level: SOMN.F has more cash than its total debt.
Reducing Debt: SOMN.F's debt to equity ratio has increased from 0% to 40% 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: SOMN.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SOMN.F is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.