SPI Energy Balance Sheet Health
Financial Health criteria checks 4/6
SPI Energy has a total shareholder equity of $16.0M and total debt of $54.7M, which brings its debt-to-equity ratio to 342%. Its total assets and total liabilities are $230.2M and $214.2M respectively.
Key information
342.0%
Debt to equity ratio
US$54.73m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.53m |
| Equity | US$16.00m |
| Total liabilities | US$214.19m |
| Total assets | US$230.19m |
Recent financial health updates
Recent updates
Lacklustre Performance Is Driving SPI Energy Co., Ltd.'s (NASDAQ:SPI) Low P/S
Feb 15
SPI Energy launches new solar wafer manufacturing business in the USA
Sep 15SPI's SolarJuice Australia enter collaboration pact with Wallbox
Sep 09SPI Energy reports Q2 results; reaffirms FY22 revenue guidance
Aug 16SPI's Phoenix Motorcars appoints Ira Feintuch as its SVP & Global Head of EV Charging Solutions
Jun 14SPI Energy’s Phoenix Motorcars appoints new CTO
Apr 27What Kind Of Investors Own Most Of SPI Energy Co., Ltd. (NASDAQ:SPI)?
Feb 08SPI stock higher on guiding 2021 revenue growth of ~34%-41%
Jan 12SPI Energy's subsidiary acquires consumer contracts of Petersen-Dean
Jan 06SPI Energy’s Phoenix Motorcars installed two battery powered utility trucks to the Port of Oakland
Dec 01SPI Energy reports 1H results
Nov 27SPI Energy’s Phoenix Motorcars delivered two electric shuttle buses to the city of Santa Cruz
Nov 24SPI Energy acquires California-based provider of medium duty EVs
Nov 13SPI Energy stocks higher on signing agreement with Liuzhou Liancheng Industrial and Guangxi Dazhou Automobile Sales
Nov 09SPI Energy issues $2.1M of 10% Convertible Promissory Note
Nov 04Financial Position Analysis
Short Term Liabilities: SPI's short term assets ($81.0M) do not cover its short term liabilities ($195.7M).
Long Term Liabilities: SPI's short term assets ($81.0M) exceed its long term liabilities ($18.5M).
Debt to Equity History and Analysis
Debt Level: SPI's net debt to equity ratio (307.5%) is considered high.
Reducing Debt: SPI 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: SPI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SPI is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.