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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/13 11:53 |
| End of Day Share Price | 2023/12/01 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2023/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Thorn Group Limited is covered by 11 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Naveen Patney | CLSA |
| Naveen Patney | Commonwealth Bank of Australia |
| Nicholas Caley | EL&C Baillieu |