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
Skillz: Still A No-Go, Despite Small Progress With The Turnaround
Dec 02Does 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 02Financial 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
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 01:19 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Skillz Inc. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Lampen | BTIG |
| Michael Graham | Canaccord Genuity |
| Jason Bazinet | Citigroup Inc |