Tesserent Balance Sheet Health
Financial Health criteria checks 4/6
Tesserent has a total shareholder equity of A$121.9M and total debt of A$49.5M, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are A$253.8M and A$131.9M respectively. Tesserent's EBIT is A$6.2M making its interest coverage ratio 1.8. It has cash and short-term investments of A$16.7M.
Key information
40.6%
Debt to equity ratio
AU$49.53m
Debt
| Interest coverage ratio | 1.8x |
| Cash | AU$16.66m |
| Equity | AU$121.93m |
| Total liabilities | AU$131.91m |
| Total assets | AU$253.83m |
Recent financial health updates
Does Tesserent (ASX:TNT) Have A Healthy Balance Sheet?
Dec 19
We Think Tesserent (ASX:TNT) Can Stay On Top Of Its Debt
Apr 29Tesserent (ASX:TNT) Is Making Moderate Use Of Debt
Jun 08Tesserent (ASX:TNT) Is Making Moderate Use Of Debt
Mar 02Recent updates
Does Tesserent (ASX:TNT) Have A Healthy Balance Sheet?
Dec 19We Think Tesserent (ASX:TNT) Can Stay On Top Of Its Debt
Apr 29Tesserent (ASX:TNT) Is Making Moderate Use Of Debt
Jun 08Tesserent (ASX:TNT) Is Making Moderate Use Of Debt
Mar 02Can You Imagine How Elated Tesserent's (ASX:TNT) Shareholders Feel About Its 415% Share Price Gain?
Feb 04Is Tesserent Limited's (ASX:TNT) Shareholder Ownership Skewed Towards Insiders?
Dec 31
Don't Ignore The Fact That This Insider Just Sold Some Shares In Tesserent Limited (ASX:TNT)
Nov 26Financial Position Analysis
Short Term Liabilities: TNT's short term assets (A$67.3M) do not cover its short term liabilities (A$67.9M).
Long Term Liabilities: TNT's short term assets (A$67.3M) exceed its long term liabilities (A$64.0M).
Debt to Equity History and Analysis
Debt Level: TNT's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: TNT's debt to equity ratio has increased from 0% to 40.6% 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: Whilst unprofitable TNT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TNT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49.2% per year.