TruFin Balance Sheet Health
Financial Health criteria checks 4/6
TruFin has a total shareholder equity of £38.5M and total debt of £4.1M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are £54.4M and £15.9M respectively. TruFin's EBIT is £13.9M making its interest coverage ratio 0.9. It has cash and short-term investments of £10.2M.
Key information
10.6%
Debt to equity ratio
UK£4.10m
Debt
| Interest coverage ratio | 0.9x |
| Cash | UK£10.24m |
| Equity | UK£38.53m |
| Total liabilities | UK£15.88m |
| Total assets | UK£54.41m |
Financial Position Analysis
Short Term Liabilities: TRU's short term assets (£27.2M) exceed its short term liabilities (£14.7M).
Long Term Liabilities: TRU's short term assets (£27.2M) exceed its long term liabilities (£1.1M).
Debt to Equity History and Analysis
Debt Level: TRU has more cash than its total debt.
Reducing Debt: TRU's debt to equity ratio has increased from 0% to 10.6% over the past 5 years.
Debt Coverage: TRU's debt is well covered by operating cash flow (123%).
Interest Coverage: TRU's interest payments on its debt are not well covered by EBIT (0.9x coverage).