SurgePays Balance Sheet Health
Financial Health criteria checks 6/6
SurgePays has a total shareholder equity of $28.4M and total debt of $5.0M, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are $41.9M and $13.5M respectively. SurgePays's EBIT is $18.9M making its interest coverage ratio 31.7. It has cash and short-term investments of $14.6M.
Key information
17.8%
Debt to equity ratio
US$5.05m
Debt
| Interest coverage ratio | 31.7x |
| Cash | US$14.62m |
| Equity | US$28.40m |
| Total liabilities | US$13.52m |
| Total assets | US$41.93m |
Recent financial health updates
SurgePays (NASDAQ:SURG) Has A Pretty Healthy Balance Sheet
Jul 07
Would SurgePays (NASDAQ:SURG) Be Better Off With Less Debt?
Oct 05Recent updates
What Is SurgePays, Inc.'s (NASDAQ:SURG) Share Price Doing?
Apr 25SurgePays' (NASDAQ:SURG) Attractive Earnings Are Not All Good News For Shareholders
Mar 19SurgePays, Inc. (NASDAQ:SURG) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
Feb 16Revenues Tell The Story For SurgePays, Inc. (NASDAQ:SURG)
Dec 25SurgePays (NASDAQ:SURG) Has A Pretty Healthy Balance Sheet
Jul 07SurgePays gains on on crossing 200,000 mobile broadband subscribers
Oct 05Would SurgePays (NASDAQ:SURG) Be Better Off With Less Debt?
Oct 05Surgepays GAAP EPS of -$0.07, revenue of $28.01M
Aug 11SurgePays crosses 150K mobile broadband subscribers
Jul 14Financial Position Analysis
Short Term Liabilities: SURG's short term assets ($33.4M) exceed its short term liabilities ($12.7M).
Long Term Liabilities: SURG's short term assets ($33.4M) exceed its long term liabilities ($816.8K).
Debt to Equity History and Analysis
Debt Level: SURG has more cash than its total debt.
Reducing Debt: SURG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SURG's debt is well covered by operating cash flow (203.9%).
Interest Coverage: SURG's interest payments on its debt are well covered by EBIT (31.7x coverage).