Thrive Tribe Technologies Limited

ASX:1TT Stock Report

Market Cap: AU$753.2k

Thrive Tribe Technologies Balance Sheet Health

Financial Health criteria checks 3/6

Thrive Tribe Technologies has a total shareholder equity of A$462.9K and total debt of A$4.5M, which brings its debt-to-equity ratio to 972.2%. Its total assets and total liabilities are A$5.5M and A$5.1M respectively.

Key information

972.2%

Debt to equity ratio

AU$4.50m

Debt

Interest coverage ration/a
CashAU$2.18m
EquityAU$462.88k
Total liabilitiesAU$5.07m
Total assetsAU$5.54m

Recent financial health updates

Recent updates

Thrive Tribe Technologies (ASX:1TT) Is Making Moderate Use Of Debt

Mar 12
Thrive Tribe Technologies (ASX:1TT) Is Making Moderate Use Of Debt

Health Check: How Prudently Does Thrive Tribe Technologies (ASX:1TT) Use Debt?

Sep 27
Health Check: How Prudently Does Thrive Tribe Technologies (ASX:1TT) Use Debt?

Financial Position Analysis

Short Term Liabilities: 1TT's short term assets (A$2.9M) exceed its short term liabilities (A$575.0K).

Long Term Liabilities: 1TT's short term assets (A$2.9M) do not cover its long term liabilities (A$4.5M).


Debt to Equity History and Analysis

Debt Level: 1TT's net debt to equity ratio (501.5%) is considered high.

Reducing Debt: 1TT's debt to equity ratio has increased from 0% to 972.2% 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: 1TT has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: 1TT is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.


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