Digital Turbine Balance Sheet Health
Financial Health criteria checks 3/6
Digital Turbine has a total shareholder equity of $445.7M and total debt of $374.0M, which brings its debt-to-equity ratio to 83.9%. Its total assets and total liabilities are $1.1B and $660.9M respectively.
Key information
83.9%
Debt to equity ratio
US$374.03m
Debt
Interest coverage ratio | n/a |
Cash | US$48.96m |
Equity | US$445.70m |
Total liabilities | US$660.94m |
Total assets | US$1.11b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4MD's short term assets ($287.3M) exceed its short term liabilities ($268.7M).
Long Term Liabilities: 4MD's short term assets ($287.3M) do not cover its long term liabilities ($392.3M).
Debt to Equity History and Analysis
Debt Level: 4MD's net debt to equity ratio (72.9%) is considered high.
Reducing Debt: 4MD's debt to equity ratio has increased from 15.2% to 83.9% 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 4MD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 4MD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.7% per year.