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Think Research Balance Sheet Health
Financial Health criteria checks 3/6
Think Research has a total shareholder equity of CA$28.0M and total debt of CA$41.8M, which brings its debt-to-equity ratio to 149.2%. Its total assets and total liabilities are CA$114.7M and CA$86.7M respectively.
Key information
149.2%
Debt to equity ratio
CA$41.76m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.75m |
| Equity | CA$27.99m |
| Total liabilities | CA$86.67m |
| Total assets | CA$114.66m |
Recent financial health updates
Recent updates
Is Think Research (CVE:THNK) Using Debt In A Risky Way?
Feb 10
Little Excitement Around Think Research Corporation's (CVE:THNK) Revenues As Shares Take 28% Pounding
Dec 18Why Investors Shouldn't Be Surprised By Think Research Corporation's (CVE:THNK) 26% Share Price Plunge
Sep 06Think Research Corporation (CVE:THNK) Shares Could Be 48% Below Their Intrinsic Value Estimate
Feb 28Analysts Have Been Trimming Their Think Research Corporation (CVE:THNK) Price Target After Its Latest Report
Dec 01Analysts Expect Breakeven For Think Research Corporation (CVE:THNK) Before Long
Mar 30Financial Position Analysis
Short Term Liabilities: THNK's short term assets (CA$19.4M) do not cover its short term liabilities (CA$59.8M).
Long Term Liabilities: THNK's short term assets (CA$19.4M) do not cover its long term liabilities (CA$26.9M).
Debt to Equity History and Analysis
Debt Level: THNK's net debt to equity ratio (135.8%) is considered high.
Reducing Debt: THNK had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: THNK has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: THNK has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 14% each year.