Townsquare Media Balance Sheet Health
Financial Health criteria checks 3/6
Townsquare Media has a total shareholder equity of $9.9M and total debt of $499.7M, which brings its debt-to-equity ratio to 5041.4%. Its total assets and total liabilities are $652.0M and $642.1M respectively. Townsquare Media's EBIT is $72.8M making its interest coverage ratio 2. It has cash and short-term investments of $61.0M.
Key information
5,041.4%
Debt to equity ratio
US$499.66m
Debt
| Interest coverage ratio | 2x |
| Cash | US$61.05m |
| Equity | US$9.91m |
| Total liabilities | US$642.14m |
| Total assets | US$652.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2T8's short term assets ($132.2M) exceed its short term liabilities ($76.1M).
Long Term Liabilities: 2T8's short term assets ($132.2M) do not cover its long term liabilities ($566.1M).
Debt to Equity History and Analysis
Debt Level: 2T8's net debt to equity ratio (4425.5%) is considered high.
Reducing Debt: 2T8's debt to equity ratio has increased from 217.3% to 5041.4% 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 2T8 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2T8 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.2% per year.