Snail Balance Sheet Health
Financial Health criteria checks 4/6
Snail has a total shareholder equity of $2.7M and total debt of $5.7M, which brings its debt-to-equity ratio to 213.1%. Its total assets and total liabilities are $66.8M and $64.1M respectively. Snail's EBIT is $4.5M making its interest coverage ratio 4.8. It has cash and short-term investments of $10.6M.
Key information
213.1%
Debt to equity ratio
US$5.74m
Debt
| Interest coverage ratio | 4.8x |
| Cash | US$10.57m |
| Equity | US$2.69m |
| Total liabilities | US$64.08m |
| Total assets | US$66.78m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SNAL's short term assets ($36.5M) do not cover its short term liabilities ($43.6M).
Long Term Liabilities: SNAL's short term assets ($36.5M) exceed its long term liabilities ($20.5M).
Debt to Equity History and Analysis
Debt Level: SNAL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SNAL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SNAL's debt is well covered by operating cash flow (231.5%).
Interest Coverage: SNAL's interest payments on its debt are well covered by EBIT (4.8x coverage).