Tessellis Balance Sheet Health
Financial Health criteria checks 1/6
Tessellis has a total shareholder equity of €26.4M and total debt of €70.4M, which brings its debt-to-equity ratio to 266.7%. Its total assets and total liabilities are €303.3M and €276.9M respectively.
Key information
266.7%
Debt to equity ratio
€70.40m
Debt
Interest coverage ratio | n/a |
Cash | €7.70m |
Equity | €26.40m |
Total liabilities | €276.90m |
Total assets | €303.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIQ's short term assets (€39.5M) do not cover its short term liabilities (€162.3M).
Long Term Liabilities: TIQ's short term assets (€39.5M) do not cover its long term liabilities (€114.6M).
Debt to Equity History and Analysis
Debt Level: TIQ's net debt to equity ratio (237.5%) is considered high.
Reducing Debt: TIQ had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Insufficient data to determine if TIQ has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TIQ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.