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
The Market Doesn't Like What It Sees From SkyWater Technology, Inc.'s (NASDAQ:SKYT) Revenues Yet As Shares Tumble 28%
Nov 28
SkyWater Technology: Cautious As Performance Remains Inconsistent
Nov 15SkyWater Technology, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Nov 10Would 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/06 04:56 |
| End of Day Share Price | 2025/01/06 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
SkyWater Technology, Inc. is covered by 6 analysts. 4 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 |
|---|---|
| Richard Shannon | Craig-Hallum Capital Group LLC |
| Blayne Curtis | Jefferies LLC |
| Mark Lipacis | Jefferies LLC |