Smartoptics Group Balance Sheet Health
Financial Health criteria checks 5/6
Smartoptics Group has a total shareholder equity of $30.8M and total debt of $699.0K, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are $48.4M and $17.6M respectively. Smartoptics Group's EBIT is $7.3M making its interest coverage ratio 157.9. It has cash and short-term investments of $11.5M.
Key information
2.3%
Debt to equity ratio
US$699.00k
Debt
Interest coverage ratio | 157.9x |
Cash | US$11.49m |
Equity | US$30.82m |
Total liabilities | US$17.60m |
Total assets | US$48.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMOP.F's short term assets ($41.6M) exceed its short term liabilities ($12.5M).
Long Term Liabilities: SMOP.F's short term assets ($41.6M) exceed its long term liabilities ($5.1M).
Debt to Equity History and Analysis
Debt Level: SMOP.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if SMOP.F's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SMOP.F's debt is well covered by operating cash flow (1217.6%).
Interest Coverage: SMOP.F's interest payments on its debt are well covered by EBIT (157.9x coverage).