Trakm8 Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Trakm8 Holdings has a total shareholder equity of £19.2M and total debt of £6.1M, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are £37.4M and £18.2M respectively. Trakm8 Holdings's EBIT is £2.3M making its interest coverage ratio 2.8. It has cash and short-term investments of £874.0K.
Key information
31.5%
Debt to equity ratio
UK£6.06m
Debt
Interest coverage ratio | 2.8x |
Cash | UK£874.00k |
Equity | UK£19.24m |
Total liabilities | UK£18.19m |
Total assets | UK£37.43m |
Recent financial health updates
Is Trakm8 Holdings (LON:TRAK) Weighed On By Its Debt Load?
Mar 10Here's Why Trakm8 Holdings (LON:TRAK) Has A Meaningful Debt Burden
Dec 21Recent updates
Should You Think About Buying Trakm8 Holdings PLC (LON:TRAK) Now?
Mar 23Trakm8 Holdings' (LON:TRAK) Performance Is Even Better Than Its Earnings Suggest
Dec 02Trakm8 Holdings' (LON:TRAK) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Nov 08These Return Metrics Don't Make Trakm8 Holdings (LON:TRAK) Look Too Strong
Jul 06Is Trakm8 Holdings (LON:TRAK) Weighed On By Its Debt Load?
Mar 10When Should You Buy Trakm8 Holdings PLC (LON:TRAK)?
Aug 13Trakm8 Holdings (LON:TRAK) Hasn't Managed To Accelerate Its Returns
Jul 01Here's Why Trakm8 Holdings (LON:TRAK) Has A Meaningful Debt Burden
Dec 21Shareholders May Be A Bit More Conservative With Trakm8 Holdings PLC's (LON:TRAK) CEO Compensation For Now
Sep 17How Much Is Trakm8 Holdings PLC (LON:TRAK) CEO Getting Paid?
Feb 24Financial Position Analysis
Short Term Liabilities: TRAK's short term assets (£10.9M) do not cover its short term liabilities (£14.9M).
Long Term Liabilities: TRAK's short term assets (£10.9M) exceed its long term liabilities (£3.3M).
Debt to Equity History and Analysis
Debt Level: TRAK's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: TRAK's debt to equity ratio has reduced from 39.8% to 31.5% over the past 5 years.
Debt Coverage: TRAK's debt is well covered by operating cash flow (86.3%).
Interest Coverage: TRAK's interest payments on its debt are not well covered by EBIT (2.8x coverage).