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
-136.78%
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 29Earnings 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/09/30 09:35 |
| End of Day Share Price | 2024/09/27 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Shift Technologies, Inc. is covered by 12 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Ward | Benchmark Company |
| Marvin Fong | BTIG |
| Benjamin Sherlund | Cantor Fitzgerald & Co. |