SurgePays Balance Sheet Health
Financial Health criteria checks 4/6
SurgePays has a total shareholder equity of $33.3M and total debt of $4.4M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are $41.5M and $8.2M respectively.
Key information
13.3%
Debt to equity ratio
US$4.42m
Debt
| Interest coverage ratio | n/a |
| Cash | US$23.72m |
| Equity | US$33.28m |
| Total liabilities | US$8.22m |
| Total assets | US$41.50m |
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
SurgePays Hit By Sharp Revenue Decline (Rating Downgrade)
Nov 01SurgePays, Inc. (NASDAQ:SURG) Held Back By Insufficient Growth Even After Shares Climb 29%
Oct 06Little Excitement Around SurgePays, Inc.'s (NASDAQ:SURG) Earnings
Jul 17The Trend Of High Returns At SurgePays (NASDAQ:SURG) Has Us Very Interested
May 21What 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 ($33.9M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: SURG's short term assets ($33.9M) exceed its long term liabilities ($2.8M).
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.
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: Insufficient data to determine if SURG has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SURG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.