Deep Fission, Inc. is a pre-revenue nuclear technology company focused on the development and commercialization of underground small modular reactors (SMRs). The company's core product, the Gravity Nuclear Reactor, adapts established pressurized water reactor (PWR) technology and standard low-enriched uranium (LEU) fuel for deployment in 30-inch diameter boreholes drilled one mile below the Earth's surface. This novel approach leverages the surrounding bedrock for natural shielding and containment, while utilizing the hydrostatic pressure of the deep water column to support reactor cooling and operating pressure. By eliminating the need for massive surface containment structures, Deep Fission expects to significantly reduce construction timelines, capital costs, and surface footprints compared to conventional nuclear plants. The company's business model encompasses upfront revenue from reactor delivery, engineering, procurement, and construction (EPC) support, as well as recurring revenue from technology licensing, operations and maintenance (O&M) services, and long-term electricity sales through power purchase agreements. Deep Fission is currently advancing its first pilot project in Parsons, Kansas, having been selected for the U.S. Department of Energy's Reactor Pilot Program, with a target of achieving criticality by 2026. The company primarily targets hyperscale data centers, heavy industry, and utilities seeking firm, dispatchable clean energy.
How many years of EBITDA are required to pay off the company's net debt, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
The current ratio helps investors understand more about a company's ability to cover its short-term debt with its current assets and make apples-to-apples comparisons with its competitors and peers.
The quick ratio measures a company's capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing and is considered a more conservative measure than the current ratio, which includes all current assets as coverage for current liabilities.
The interest coverage ratio is used to measure how well a firm can pay the interest due on outstanding debt and is is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period. Generally, a higher coverage ratio is better, although the ideal ratio may vary by industry.
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