SOBR Safe Balance Sheet Health
Financial Health criteria checks 3/6
SOBR Safe has a total shareholder equity of $2.0M and total debt of $2.4M, which brings its debt-to-equity ratio to 120.2%. Its total assets and total liabilities are $6.1M and $4.2M respectively.
Key information
120.2%
Debt to equity ratio
US$2.38m
Debt
Interest coverage ratio | n/a |
Cash | US$2.79m |
Equity | US$1.98m |
Total liabilities | US$4.16m |
Total assets | US$6.15m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SOBR's short term assets ($3.4M) exceed its short term liabilities ($1.5M).
Long Term Liabilities: SOBR's short term assets ($3.4M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: SOBR has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SOBR'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: SOBR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SOBR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 44% each year