Smart for Life Balance Sheet Health
Financial Health criteria checks 0/6
Smart for Life has a total shareholder equity of $951.8K and total debt of $12.9M, which brings its debt-to-equity ratio to 1356.3%. Its total assets and total liabilities are $25.5M and $24.6M respectively.
Key information
1,356.3%
Debt to equity ratio
US$12.91m
Debt
| Interest coverage ratio | n/a |
| Cash | US$8.89k |
| Equity | US$951.84k |
| Total liabilities | US$24.59m |
| Total assets | US$25.54m |
Financial Position Analysis
Short Term Liabilities: SMFL's short term assets ($2.5M) do not cover its short term liabilities ($13.9M).
Long Term Liabilities: SMFL's short term assets ($2.5M) do not cover its long term liabilities ($10.7M).
Debt to Equity History and Analysis
Debt Level: SMFL's net debt to equity ratio (1355.3%) is considered high.
Reducing Debt: Insufficient data to determine if SMFL's debt to equity ratio has reduced 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: SMFL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SMFL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.9% each year