TruSpine Technologies Balance Sheet Health
Financial Health criteria checks 2/6
TruSpine Technologies has a total shareholder equity of £2.5M and total debt of £268.6K, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are £3.5M and £1.0M respectively.
Key information
10.9%
Debt to equity ratio
UK£268.64k
Debt
Interest coverage ratio | n/a |
Cash | -UK£8.64k |
Equity | UK£2.46m |
Total liabilities | UK£1.02m |
Total assets | UK£3.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TSP's short term assets (£16.6K) do not cover its short term liabilities (£818.2K).
Long Term Liabilities: TSP's short term assets (£16.6K) do not cover its long term liabilities (£200.0K).
Debt to Equity History and Analysis
Debt Level: TSP's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TSP'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: Insufficient data to determine if TSP has enough cash runway based on its current free cash flow.
Forecast Cash Runway: TSP is forecast to have sufficient cash runway for -0 months based on free cash flow estimates, but has since raised additional capital.