Skkynet Cloud Systems Balance Sheet Health
Financial Health criteria checks 5/6
Skkynet Cloud Systems has a total shareholder equity of $759.5K and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $1.3M and $554.1K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$922.10k |
| Equity | US$759.48k |
| Total liabilities | US$554.12k |
| Total assets | US$1.31m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKKY's short term assets ($1.3M) exceed its short term liabilities ($554.1K).
Long Term Liabilities: SKKY's short term assets ($1.3M) do not cover its long term liabilities ($-2.0).
Debt to Equity History and Analysis
Debt Level: SKKY is debt free.
Reducing Debt: SKKY had no debt 5 years ago.
Debt Coverage: SKKY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SKKY has no debt, therefore coverage of interest payments is not a concern.