Snipp Interactive Balance Sheet Health
Financial Health criteria checks 5/6
Snipp Interactive has a total shareholder equity of $5.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $15.7M and $10.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$6.70m |
| Equity | US$5.58m |
| Total liabilities | US$10.16m |
| Total assets | US$15.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNIP.F's short term assets ($8.7M) do not cover its short term liabilities ($9.7M).
Long Term Liabilities: SNIP.F's short term assets ($8.7M) exceed its long term liabilities ($479.9K).
Debt to Equity History and Analysis
Debt Level: SNIP.F is debt free.
Reducing Debt: SNIP.F had no debt 5 years ago.
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 SNIP.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SNIP.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.5% per year.