Destiny Media Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Destiny Media Technologies has a total shareholder equity of $3.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $3.7M and $424.0K respectively. Destiny Media Technologies's EBIT is $172.9K making its interest coverage ratio -3.4. It has cash and short-term investments of $1.4M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -3.4x |
Cash | US$1.42m |
Equity | US$3.27m |
Total liabilities | US$424.05k |
Total assets | US$3.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DSNY's short term assets ($2.2M) exceed its short term liabilities ($424.0K).
Long Term Liabilities: DSNY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: DSNY is debt free.
Reducing Debt: DSNY has not had any debt for past 5 years.
Debt Coverage: DSNY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DSNY has no debt, therefore coverage of interest payments is not a concern.