How much debt does Skillz have?
According to Skillz's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Skillz's total debt stands at $136.70M. This is broken down into:
- Long-term debt: $134.51M
- Short-term debt: $2.19M
The company's net debt, which accounts for cash and cash equivalents, is $-165.32M. In terms of overall financial obligations, Skillz's total liabilities amount to $185.34M.
Debt Ratios and Metrics
To better understand Skillz's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.00 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 0.00% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -162.26 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 0.00% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 0.00% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Skillz's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$136.70M
Long-term Debt
$134.51M
Short-term Debt
$2.19M
Net Debt
$-165.32M
Total Liabilities
$185.34M
Interest Coverage
-162.26
Debt to Equity Ratio
0.00
Debt Ratio
0.00%
Skillz Historical Debt Metrics
Skillz Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $136.70M | $134.51M | $2.19M | $-165.32M | $185.34M | 0.00 | 0.00% | -162.26 | 0.00% | 0.00% |
| 2022 | $286.86M | $284.72M | $3.66M | $-75.66M | $342.89M | 0.65 | 34.54% | -40.07 | 37.06% | 39.37% |
| 2021 | $294.57M | $292.46M | $4.56M | $53.23M | $399.12M | 1.03 | 46.17% | -10.56 | 49.49% | 50.75% |
| 2020 | $- | $- | $- | $-262.73M | $47.40M | 0.47 | 28.80% | -234.96 | 30.90% | 32.08% |
| 2019 | $9.63M | $9.63M | $- | $-16.00M | $20.19M | 0.00 | 0.00% | -75.19 | 0.00% | 0.00% |
| 2018 | $15.62M | $14.74M | $875.00K | $-6.92M | $24.95M | 0.52 | 24.78% | -9.94 | 34.03% | 34.03% |
Related Metrics
Explore detailed financial metrics and analysis for SKLZ.