Tekna Holding Balance Sheet Health
Financial Health criteria checks 1/6
Tekna Holding has a total shareholder equity of CA$26.4M and total debt of CA$31.5M, which brings its debt-to-equity ratio to 119.2%. Its total assets and total liabilities are CA$70.5M and CA$44.0M respectively.
Key information
119.2%
Debt to equity ratio
CA$31.48m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$7.58m |
| Equity | CA$26.41m |
| Total liabilities | CA$44.04m |
| Total assets | CA$70.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8VB's short term assets (CA$33.5M) exceed its short term liabilities (CA$9.8M).
Long Term Liabilities: 8VB's short term assets (CA$33.5M) do not cover its long term liabilities (CA$34.2M).
Debt to Equity History and Analysis
Debt Level: 8VB's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: Insufficient data to determine if 8VB's debt to equity ratio has reduced 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: 8VB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8VB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.7% each year