Signing Day Sports Balance Sheet Health
Financial Health criteria checks 4/6
Signing Day Sports has a total shareholder equity of $230.1K and total debt of $2.0M, which brings its debt-to-equity ratio to 870.6%. Its total assets and total liabilities are $4.0M and $3.7M respectively.
Key information
870.6%
Debt to equity ratio
US$2.00m
Debt
Interest coverage ratio | n/a |
Cash | US$2.40m |
Equity | US$230.12k |
Total liabilities | US$3.73m |
Total assets | US$3.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGN's short term assets ($2.8M) do not cover its short term liabilities ($3.6M).
Long Term Liabilities: SGN's short term assets ($2.8M) exceed its long term liabilities ($122.7K).
Debt to Equity History and Analysis
Debt Level: SGN has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SGN's debt to equity ratio has reduced 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: SGN has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SGN is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.