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TP Group Balance Sheet Health
Financial Health criteria checks 4/6
Key information
151.0%
Debt to equity ratio
UK£7.00m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£2.65m |
| Equity | UK£4.64m |
| Total liabilities | UK£30.62m |
| Total assets | UK£35.26m |
Financial Position Analysis
Short Term Liabilities: TPG's short term assets (£20.8M) exceed its short term liabilities (£19.2M).
Long Term Liabilities: TPG's short term assets (£20.8M) exceed its long term liabilities (£11.4M).
Debt to Equity History and Analysis
Debt Level: TPG's net debt to equity ratio (93.8%) is considered high.
Reducing Debt: TPG's debt to equity ratio has increased from 0% to 151% 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: TPG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: TPG has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of 16.7% each year.