Companhia de Tecidos Norte de Minas Balance Sheet Health
Financial Health criteria checks 1/6
Companhia de Tecidos Norte de Minas has a total shareholder equity of R$455.0M and total debt of R$1.4B, which brings its debt-to-equity ratio to 316.2%. Its total assets and total liabilities are R$3.3B and R$2.8B respectively.
Key information
316.2%
Debt to equity ratio
R$1.44b
Debt
Interest coverage ratio | n/a |
Cash | R$209.66m |
Equity | R$455.02m |
Total liabilities | R$2.84b |
Total assets | R$3.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTNM4's short term assets (R$967.3M) do not cover its short term liabilities (R$2.0B).
Long Term Liabilities: CTNM4's short term assets (R$967.3M) exceed its long term liabilities (R$863.4M).
Debt to Equity History and Analysis
Debt Level: CTNM4's net debt to equity ratio (270.1%) is considered high.
Reducing Debt: CTNM4's debt to equity ratio has increased from 103.1% to 316.2% 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: Insufficient data to determine if CTNM4 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CTNM4 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.