Coloured Ties Capital Balance Sheet Health
Financial Health criteria checks 5/6
Coloured Ties Capital has a total shareholder equity of CA$16.0M and total debt of CA$2.4M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are CA$18.7M and CA$2.7M respectively. Coloured Ties Capital's EBIT is CA$2.6M making its interest coverage ratio -27.7. It has cash and short-term investments of CA$17.9M.
Key information
15.0%
Debt to equity ratio
CA$2.40m
Debt
Interest coverage ratio | -27.7x |
Cash | CA$17.91m |
Equity | CA$16.03m |
Total liabilities | CA$2.68m |
Total assets | CA$18.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIE's short term assets (CA$18.7M) exceed its short term liabilities (CA$2.7M).
Long Term Liabilities: TIE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TIE has more cash than its total debt.
Reducing Debt: TIE's debt to equity ratio has increased from 0% to 15% 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 TIE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TIE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22% per year.