Digital Brands Group Balance Sheet Health
Financial Health criteria checks 4/6
Digital Brands Group has a total shareholder equity of $19.0K and total debt of $8.2M, which brings its debt-to-equity ratio to 42797.3%. Its total assets and total liabilities are $23.3M and $23.3M respectively.
Key information
42,797.3%
Debt to equity ratio
US$8.15m
Debt
| Interest coverage ratio | n/a |
| Cash | US$289.35k |
| Equity | US$19.05k |
| Total liabilities | US$23.27m |
| Total assets | US$23.29m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DBGI's short term assets ($6.4M) do not cover its short term liabilities ($22.4M).
Long Term Liabilities: DBGI's short term assets ($6.4M) exceed its long term liabilities ($831.8K).
Debt to Equity History and Analysis
Debt Level: DBGI's net debt to equity ratio (41278.1%) is considered high.
Reducing Debt: DBGI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: DBGI has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: DBGI is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.