Tern Balance Sheet Health
Financial Health criteria checks 3/6
Tern has a total shareholder equity of £22.2M and total debt of £363.0K, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are £22.9M and £709.0K respectively.
Key information
1.6%
Debt to equity ratio
UK£363.00k
Debt
Interest coverage ratio | n/a |
Cash | UK£741.00k |
Equity | UK£22.21m |
Total liabilities | UK£709.00k |
Total assets | UK£22.92m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TERN's short term assets (£1.1M) exceed its short term liabilities (£537.0K).
Long Term Liabilities: TERN's short term assets (£1.1M) exceed its long term liabilities (£172.0K).
Debt to Equity History and Analysis
Debt Level: TERN has more cash than its total debt.
Reducing Debt: TERN's debt to equity ratio has increased from 0% to 1.6% 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: Insufficient data to determine if TERN has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TERN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.