Trakm8 Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Trakm8 Holdings has a total shareholder equity of £17.9M and total debt of £5.7M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are £35.3M and £17.4M respectively.
Key information
31.6%
Debt to equity ratio
UK£5.67m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£1.40m |
| Equity | UK£17.94m |
| Total liabilities | UK£17.40m |
| Total assets | UK£35.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T8H's short term assets (£7.9M) do not cover its short term liabilities (£11.3M).
Long Term Liabilities: T8H's short term assets (£7.9M) exceed its long term liabilities (£6.1M).
Debt to Equity History and Analysis
Debt Level: T8H's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: T8H's debt to equity ratio has increased from 28.1% to 31.6% over the past 5 years.
Debt Coverage: T8H's debt is well covered by operating cash flow (107%).
Interest Coverage: Insufficient data to determine if T8H's interest payments on its debt are well covered by EBIT.