TZ Balance Sheet Health
Financial Health criteria checks 1/6
TZ has a total shareholder equity of A$-3.5M and total debt of A$3.3M, which brings its debt-to-equity ratio to -93.2%. Its total assets and total liabilities are A$6.9M and A$10.5M respectively. TZ's EBIT is A$416.4K making its interest coverage ratio 1.1. It has cash and short-term investments of A$1.0M.
Key information
-93.2%
Debt to equity ratio
AU$3.30m
Debt
| Interest coverage ratio | 1.1x |
| Cash | AU$1.05m |
| Equity | -AU$3.54m |
| Total liabilities | AU$10.49m |
| Total assets | AU$6.95m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TZL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TZL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TZL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TZL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TZL's debt is well covered by operating cash flow (32%).
Interest Coverage: TZL's interest payments on its debt are not well covered by EBIT (1.1x coverage).