Snail Balance Sheet Health
Financial Health criteria checks 4/6
Snail has a total shareholder equity of $2.8M and total debt of $11.9M, which brings its debt-to-equity ratio to 426.4%. Its total assets and total liabilities are $90.9M and $88.1M respectively.
Key information
426.4%
Debt to equity ratio
US$11.94m
Debt
| Interest coverage ratio | n/a |
| Cash | US$15.20m |
| Equity | US$2.80m |
| Total liabilities | US$88.06m |
| Total assets | US$90.86m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SNAL's short term assets ($56.7M) do not cover its short term liabilities ($71.3M).
Long Term Liabilities: SNAL's short term assets ($56.7M) exceed its long term liabilities ($16.7M).
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.
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: Whilst unprofitable SNAL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SNAL is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 113.6% per year.