TASK Group Holdings Balance Sheet Health
Financial Health criteria checks 6/6
TASK Group Holdings has a total shareholder equity of A$127.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$165.4M and A$38.2M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$29.84m |
Equity | AU$127.15m |
Total liabilities | AU$38.23m |
Total assets | AU$165.39m |
Financial Position Analysis
Short Term Liabilities: TSK's short term assets (A$42.0M) exceed its short term liabilities (A$29.0M).
Long Term Liabilities: TSK's short term assets (A$42.0M) exceed its long term liabilities (A$9.2M).
Debt to Equity History and Analysis
Debt Level: TSK is debt free.
Reducing Debt: TSK has no debt compared to 5 years ago when its debt to equity ratio was 25%.
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: Whilst unprofitable TSK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TSK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.1% per year.