SkyWater Technology Balance Sheet Health
Financial Health criteria checks 4/6
SkyWater Technology has a total shareholder equity of $68.6M and total debt of $60.8M, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are $315.1M and $246.5M respectively. SkyWater Technology's EBIT is $1.1M making its interest coverage ratio 0.1. It has cash and short-term investments of $20.7M.
Key information
88.7%
Debt to equity ratio
US$60.83m
Debt
| Interest coverage ratio | 0.1x |
| Cash | US$20.68m |
| Equity | US$68.55m |
| Total liabilities | US$246.53m |
| Total assets | US$315.08m |
Recent financial health updates
Recent updates
SkyWater Technology: Cautious As Performance Remains Inconsistent
Nov 15SkyWater Technology, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Nov 10
Would SkyWater Technology (NASDAQ:SKYT) Be Better Off With Less Debt?
Oct 11SkyWater Technology: Impressive Top-Line Results
Aug 09Why Investors Shouldn't Be Surprised By SkyWater Technology, Inc.'s (NASDAQ:SKYT) 25% Share Price Plunge
Aug 08Benign Growth For SkyWater Technology, Inc. (NASDAQ:SKYT) Underpins Stock's 25% Plummet
May 30SkyWater Technology, Inc. (NASDAQ:SKYT) Just Reported, And Analysts Assigned A US$11.84 Price Target
May 11SkyWater Earnings Preview: Products In High Demand
May 05Some Investors May Be Worried About SkyWater Technology's (NASDAQ:SKYT) Returns On Capital
Mar 04SkyWater Technology, Inc.'s (NASDAQ:SKYT) Share Price Is Matching Sentiment Around Its Revenues
Jan 24SkyWater Technology, Inc.'s (NASDAQ:SKYT) Intrinsic Value Is Potentially 51% Above Its Share Price
Sep 13The Market Doesn't Like What It Sees From SkyWater Technology, Inc.'s (NASDAQ:SKYT) Revenues Yet
Jul 01SkyWater's Next Rally May Be About To Start
Sep 05SkyWater receives $15M in funding from DoD, partners with Google for open source design
Jul 28SkyWater alongside State of Indiana and Purdue University will build $1.8B semiconductor manufacturing facility
Jul 20SkyWater Technology Pursues Growth Amid Inflationary Drag
Jun 01Financial Position Analysis
Short Term Liabilities: SKYT's short term assets ($140.0M) do not cover its short term liabilities ($160.0M).
Long Term Liabilities: SKYT's short term assets ($140.0M) exceed its long term liabilities ($86.5M).
Debt to Equity History and Analysis
Debt Level: SKYT's net debt to equity ratio (58.6%) is considered high.
Reducing Debt: SKYT's debt to equity ratio has reduced from 161.8% to 88.7% over the past 5 years.
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 SKYT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SKYT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.2% per year.