Strip Tinning Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Strip Tinning Holdings has a total shareholder equity of £5.8M and total debt of £1.8M, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are £11.3M and £5.5M respectively.
Key information
30.6%
Debt to equity ratio
UK£1.77m
Debt
Interest coverage ratio | n/a |
Cash | UK£343.00k |
Equity | UK£5.80m |
Total liabilities | UK£5.48m |
Total assets | UK£11.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STG's short term assets (£5.3M) exceed its short term liabilities (£3.4M).
Long Term Liabilities: STG's short term assets (£5.3M) exceed its long term liabilities (£2.1M).
Debt to Equity History and Analysis
Debt Level: STG's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if STG's debt to equity ratio has reduced 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: STG has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: STG is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.