Therma Bright Balance Sheet Health
Financial Health criteria checks 3/6
Therma Bright has a total shareholder equity of CA$1.8M and total debt of CA$40.0K, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are CA$4.0M and CA$2.2M respectively.
Key information
2.2%
Debt to equity ratio
CA$40.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$1.14k |
Equity | CA$1.83m |
Total liabilities | CA$2.21m |
Total assets | CA$4.04m |
Financial Position Analysis
Short Term Liabilities: THRM's short term assets (CA$270.5K) do not cover its short term liabilities (CA$2.2M).
Long Term Liabilities: THRM's short term assets (CA$270.5K) exceed its long term liabilities (CA$10.7K).
Debt to Equity History and Analysis
Debt Level: THRM's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: THRM 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: THRM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: THRM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.3% each year