11880 Solutions Balance Sheet Health
Financial Health criteria checks 4/6
11880 Solutions has a total shareholder equity of €3.5M and total debt of €2.1M, which brings its debt-to-equity ratio to 60.7%. Its total assets and total liabilities are €20.9M and €17.4M respectively.
Key information
60.7%
Debt to equity ratio
€2.09m
Debt
| Interest coverage ratio | n/a |
| Cash | €1.41m |
| Equity | €3.45m |
| Total liabilities | €17.40m |
| Total assets | €20.85m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TGT's short term assets (€8.0M) do not cover its short term liabilities (€12.2M).
Long Term Liabilities: TGT's short term assets (€8.0M) exceed its long term liabilities (€5.2M).
Debt to Equity History and Analysis
Debt Level: TGT's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: TGT's debt to equity ratio has increased from 0% to 60.7% over the past 5 years.
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 TGT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TGT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.8% per year.