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 ration/a
CashCA$1.10k
EquityCA$1.32m
Total liabilitiesCA$1.87m
Total assetsCA$3.19m

Recent financial health updates

Recent updates

Is Therma Bright (CVE:THRM) In A Good Position To Invest In Growth?

Nov 02
Is Therma Bright (CVE:THRM) In A Good Position To Invest In Growth?

We Think Therma Bright (CVE:THRM) Can Afford To Drive Business Growth

Jul 04
We Think Therma Bright (CVE:THRM) Can Afford To Drive Business Growth

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.


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