1933 Industries Balance Sheet Health
Financial Health criteria checks 2/6
1933 Industries has a total shareholder equity of CA$-4.4M and total debt of CA$3.2M, which brings its debt-to-equity ratio to -72.9%. Its total assets and total liabilities are CA$18.4M and CA$22.8M respectively.
Key information
-72.9%
Debt to equity ratio
CA$3.24m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$638.02k |
| Equity | -CA$4.44m |
| Total liabilities | CA$22.83m |
| Total assets | CA$18.39m |
Recent financial health updates
Is 1933 Industries (CSE:TGIF) Using Too Much Debt?
Aug 11
Is 1933 Industries (CSE:TGIF) Weighed On By Its Debt Load?
Apr 10Does 1933 Industries (CSE:TGIF) Have A Healthy Balance Sheet?
Oct 15Is 1933 Industries (CSE:TGIF) Using Debt Sensibly?
Jun 30Does 1933 Industries (CSE:TGIF) Have A Healthy Balance Sheet?
Mar 17Auditors Have Doubts About 1933 Industries (CSE:TGIF)
Dec 02Recent updates
Take Care Before Jumping Onto 1933 Industries Inc. (CSE:TGIF) Even Though It's 67% Cheaper
Oct 311933 Industries Inc. (CSE:TGIF) Might Not Be As Mispriced As It Looks After Plunging 50%
Sep 11Further Upside For 1933 Industries Inc. (CSE:TGIF) Shares Could Introduce Price Risks After 33% Bounce
Feb 221933 Industries Inc. (CSE:TGIF) Soars 33% But It's A Story Of Risk Vs Reward
Dec 22Is 1933 Industries (CSE:TGIF) Using Too Much Debt?
Aug 111933 Industries Inc.'s (CSE:TGIF) Popularity With Investors Is Under Threat From Overpricing
Jun 17Is 1933 Industries (CSE:TGIF) Weighed On By Its Debt Load?
Apr 10Does 1933 Industries (CSE:TGIF) Have A Healthy Balance Sheet?
Oct 15Is 1933 Industries (CSE:TGIF) Using Debt Sensibly?
Jun 30Does 1933 Industries (CSE:TGIF) Have A Healthy Balance Sheet?
Mar 17Auditors Have Doubts About 1933 Industries (CSE:TGIF)
Dec 02Is 1933 Industries (CSE:TGIF) A Risky Investment?
Oct 21Is 1933 Industries (CSE:TGIF) Using Too Much Debt?
Jul 08Financial Position Analysis
Short Term Liabilities: TGIF has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TGIF has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TGIF has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TGIF's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 TGIF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TGIF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.3% per year.