ToughBuilt Industries Balance Sheet Health
Financial Health criteria checks 3/6
ToughBuilt Industries has a total shareholder equity of $8.3M and total debt of $707.6K, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are $64.5M and $56.3M respectively.
Key information
8.6%
Debt to equity ratio
US$707.63k
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.83m |
| Equity | US$8.27m |
| Total liabilities | US$56.26m |
| Total assets | US$64.53m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 36Q0's short term assets ($39.4M) do not cover its short term liabilities ($53.2M).
Long Term Liabilities: 36Q0's short term assets ($39.4M) exceed its long term liabilities ($3.0M).
Debt to Equity History and Analysis
Debt Level: 36Q0 has more cash than its total debt.
Reducing Debt: 36Q0 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: Insufficient data to determine if 36Q0 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 36Q0 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.