SciSparc Balance Sheet Health
Financial Health criteria checks 6/6
SciSparc has a total shareholder equity of $9.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $11.2M and $1.6M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$5.08m |
Equity | US$9.59m |
Total liabilities | US$1.60m |
Total assets | US$11.18m |
Financial Position Analysis
Short Term Liabilities: SPRC's short term assets ($6.4M) exceed its short term liabilities ($1.6M).
Long Term Liabilities: SPRC's short term assets ($6.4M) exceed its long term liabilities ($24.0K).
Debt to Equity History and Analysis
Debt Level: SPRC is debt free.
Reducing Debt: SPRC has no debt compared to 5 years ago when its debt to equity ratio was 1489.6%.
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: SPRC has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SPRC is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.