Thorn Group Balance Sheet Health
Financial Health criteria checks 6/6
Thorn Group has a total shareholder equity of A$42.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$51.0M and A$8.6M respectively. Thorn Group's EBIT is A$5.8M making its interest coverage ratio 0.8. It has cash and short-term investments of A$37.0M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | 0.8x |
| Cash | AU$36.96m |
| Equity | AU$42.44m |
| Total liabilities | AU$8.58m |
| Total assets | AU$51.03m |
Recent financial health updates
No updates
Recent updates
Why Thorn Group's (ASX:TGA) Earnings Are Better Than They Seem
Jun 06
Would Shareholders Who Purchased Thorn Group's (ASX:TGA) Stock Five Years Be Happy With The Share price Today?
Feb 16
Insider Buying: Duncan Saville Just Spent AU$1.2m On Thorn Group Limited (ASX:TGA) Shares
Jan 09Need To Know: Thorn Group Limited (ASX:TGA) Insiders Have Been Buying Shares
Dec 01Financial Position Analysis
Short Term Liabilities: TGA's short term assets (A$44.0M) exceed its short term liabilities (A$8.6M).
Long Term Liabilities: TGA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TGA is debt free.
Reducing Debt: TGA has no debt compared to 5 years ago when its debt to equity ratio was 155.9%.
Debt Coverage: TGA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TGA has no debt, therefore coverage of interest payments is not a concern.