Shift Technologies Balance Sheet Health
Financial Health criteria checks 0/6
Shift Technologies has a total shareholder equity of $-130.8M and total debt of $178.8M, which brings its debt-to-equity ratio to -136.8%. Its total assets and total liabilities are $110.1M and $240.8M respectively.
Key information
-136.8%
Debt to equity ratio
US$178.84m
Debt
| Interest coverage ratio | n/a |
| Cash | US$23.26m |
| Equity | -US$130.76m |
| Total liabilities | US$240.85m |
| Total assets | US$110.09m |
Recent financial health updates
Recent updates
Analysts Just Made A Major Revision To Their Shift Technologies, Inc. (NASDAQ:SFT) Revenue Forecasts
Nov 13
Shift Technologies: More Roadkill In The Online Auto Retailing Space
Aug 10Shift: The Clock Is Ticking. Going Bankrupt, Or To The Moon?
May 19Shift Q4 Review: I Am More Bullish Than Ever
Mar 22Shift Is Now A Deep Value Play
Jan 12What Happened To Shift Technologies
Nov 30Shift Technologies: Significantly Undervalued
Oct 17Shift: Shifts Gears Fast But Let's Connect The Dots First
Jul 29Shift Technologies: Massive Growth At A Depressed Valuation
Jun 17Shift executives announce share purchase
Jun 01Play The 'Shift' In Vehicle Sales And Buy Shift Technologies
Apr 28Earnings Release: Here's Why Analysts Cut Their Shift Technologies, Inc. (NASDAQ:SFT) Price Target To US$12.33
Mar 11News Flash: Analysts Just Made A Meaningful Upgrade To Their Shift Technologies, Inc. (NASDAQ:SFT) Forecasts
Mar 10Financial Position Analysis
Short Term Liabilities: SFTG.Q has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SFTG.Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SFTG.Q has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SFTG.Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: Insufficient data to determine if SFTG.Q has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SFTG.Q has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.