Tracsis Balance Sheet Health
Financial Health criteria checks 6/6
Tracsis has a total shareholder equity of £67.9M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £94.4M and £26.6M respectively. Tracsis's EBIT is £4.6M making its interest coverage ratio -507.4. It has cash and short-term investments of £16.8M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -507.4x |
| Cash | UK£16.76m |
| Equity | UK£67.86m |
| Total liabilities | UK£26.58m |
| Total assets | UK£94.44m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4T2's short term assets (£33.4M) exceed its short term liabilities (£18.7M).
Long Term Liabilities: 4T2's short term assets (£33.4M) exceed its long term liabilities (£7.8M).
Debt to Equity History and Analysis
Debt Level: 4T2 is debt free.
Reducing Debt: 4T2 has not had any debt for past 5 years.
Debt Coverage: 4T2 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 4T2 has no debt, therefore coverage of interest payments is not a concern.