Snail Balance Sheet Health
Financial Health criteria checks 4/6
Snail has a total shareholder equity of $134.0K and total debt of $6.5M, which brings its debt-to-equity ratio to 4846.5%. Its total assets and total liabilities are $78.3M and $78.2M respectively.
Key information
4,846.5%
Debt to equity ratio
US$6.49m
Debt
| Interest coverage ratio | n/a |
| Cash | US$16.07m |
| Equity | US$133.99k |
| Total liabilities | US$78.16m |
| Total assets | US$78.29m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SNAL's short term assets ($42.3M) do not cover its short term liabilities ($59.8M).
Long Term Liabilities: SNAL's short term assets ($42.3M) exceed its long term liabilities ($18.4M).
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 92% per year.