Tortilla Mexican Grill Balance Sheet Health
Financial Health criteria checks 3/6
Tortilla Mexican Grill has a total shareholder equity of £2.4M and total debt of £7.2M, which brings its debt-to-equity ratio to 304%. Its total assets and total liabilities are £53.7M and £51.4M respectively. Tortilla Mexican Grill's EBIT is £1.6M making its interest coverage ratio 0.9. It has cash and short-term investments of £3.8M.
Key information
304.0%
Debt to equity ratio
UK£7.16m
Debt
| Interest coverage ratio | 0.9x |
| Cash | UK£3.84m |
| Equity | UK£2.35m |
| Total liabilities | UK£51.38m |
| Total assets | UK£53.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 73D's short term assets (£7.1M) do not cover its short term liabilities (£14.2M).
Long Term Liabilities: 73D's short term assets (£7.1M) do not cover its long term liabilities (£37.2M).
Debt to Equity History and Analysis
Debt Level: 73D's net debt to equity ratio (140.7%) is considered high.
Reducing Debt: 73D's debt to equity ratio has reduced from 7296% to 304% 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 73D has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 73D is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.6% per year.