Therma Bright Balance Sheet Health
Financial Health criteria checks 5/6
Therma Bright has a total shareholder equity of CA$1.3M and total debt of CA$40.0K, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are CA$3.2M and CA$1.9M respectively.
Key information
3.0%
Debt to equity ratio
CA$40.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.10k |
| Equity | CA$1.32m |
| Total liabilities | CA$1.87m |
| Total assets | CA$3.19m |
Financial Position Analysis
Short Term Liabilities: THRM's short term assets (CA$391.7K) do not cover its short term liabilities (CA$1.9M).
Long Term Liabilities: THRM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: THRM's net debt to equity ratio (2.9%) 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 sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: THRM is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.