Skillz Balance Sheet Health
Financial Health criteria checks 6/6
Skillz has a total shareholder equity of $199.5M and total debt of $125.2M, which brings its debt-to-equity ratio to 62.8%. Its total assets and total liabilities are $390.2M and $190.7M respectively.
Key information
62.8%
Debt to equity ratio
US$125.20m
Debt
| Interest coverage ratio | n/a |
| Cash | US$301.44m |
| Equity | US$199.46m |
| Total liabilities | US$190.72m |
| Total assets | US$390.19m |
Recent financial health updates
Recent updates
Does Skillz (NYSE:SKLZ) Have A Healthy Balance Sheet?
Nov 12
Skillz: Tick-Tock, Tick-Tock, Goes This Clock (Downgrade)
Jul 05Skillz: Large Cash Position But Core Business Keeps Declining
Apr 09Revenues Not Telling The Story For Skillz Inc. (NYSE:SKLZ) After Shares Rise 28%
Mar 01Skillz Inc.: Still Early In Turning Around The Ship
Jan 02Skillz: Dying Core Business, But Near-Term Squeeze Possible
Oct 24Skillz: Chasing The Clock's Shadow Amid A Shrinking Proposition
Aug 18Skillz: Racing The Clock As Revenue Growth Declines
Jun 23Optimistic Investors Push Skillz Inc. (NYSE:SKLZ) Shares Up 44% But Growth Is Lacking
Apr 17Skillz adds BTIG co-founder to its board
Feb 21Skillz: Enroute To Profitability Although The Destination Is Not Near
Jan 10Skillz not in compliance with NYSE's stock price listing rule
Dec 20Skillz Platform GAAP EPS of -$0.19, revenue of $60M
Nov 02Skillz: A $25,000 Mistake To Learn From
Oct 25Why I'm Not Rolling The Dice With Skillz Stock
Oct 11Skillz taps gaming industry veteran as new CTO
Sep 12Skillz shares climb 5% as gaming platform maker hits two-month high
Aug 16Skillz Platform GAAP EPS of -$0.15 beats by $0.01, revenue of $73.34M misses by $19.43M
Aug 03Skillz appoints CFO
Jun 30Skillz: A Financial Disaster
Jun 02Skillz Q1 Earnings: Avoid This Stock
May 05Financial Position Analysis
Short Term Liabilities: SKLZ's short term assets ($321.8M) exceed its short term liabilities ($55.5M).
Long Term Liabilities: SKLZ's short term assets ($321.8M) exceed its long term liabilities ($135.2M).
Debt to Equity History and Analysis
Debt Level: SKLZ has more cash than its total debt.
Reducing Debt: SKLZ's debt to equity ratio has reduced from 78.3% to 62.8% 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: SKLZ has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: SKLZ has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 7.8% each year