Thrive Tribe Technologies Balance Sheet Health
Financial Health criteria checks 1/6
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 ratio | n/a |
Cash | AU$2.18m |
Equity | AU$462.88k |
Total liabilities | AU$5.07m |
Total assets | AU$5.54m |
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 1TT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.9% each year