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TEK-Ocean Group Balance Sheet Health
Financial Health criteria checks 1/6
Key information
93.2%
Debt to equity ratio
AU$8.17m
Debt
Interest coverage ratio | n/a |
Cash | AU$2.49k |
Equity | AU$8.77m |
Total liabilities | AU$15.21m |
Total assets | AU$23.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T3K's short term assets (A$7.5M) do not cover its short term liabilities (A$10.6M).
Long Term Liabilities: T3K's short term assets (A$7.5M) exceed its long term liabilities (A$4.6M).
Debt to Equity History and Analysis
Debt Level: T3K's net debt to equity ratio (93.1%) is considered high.
Reducing Debt: Insufficient data to determine if T3K's debt to equity ratio has reduced over the past 5 years.
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 T3K has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if T3K has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.