Touchstar Balance Sheet Health
Financial Health criteria checks 6/6
Touchstar has a total shareholder equity of £3.6M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £6.7M and £3.1M respectively. Touchstar's EBIT is £543.0K making its interest coverage ratio -6.9. It has cash and short-term investments of £1.7M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -6.9x |
| Cash | UK£1.74m |
| Equity | UK£3.55m |
| Total liabilities | UK£3.14m |
| Total assets | UK£6.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTVA's short term assets (£5.1M) exceed its short term liabilities (£2.8M).
Long Term Liabilities: BTVA's short term assets (£5.1M) exceed its long term liabilities (£329.0K).
Debt to Equity History and Analysis
Debt Level: BTVA is debt free.
Reducing Debt: BTVA has no debt compared to 5 years ago when its debt to equity ratio was 100.4%.
Debt Coverage: BTVA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BTVA has no debt, therefore coverage of interest payments is not a concern.