Time Out Group Balance Sheet Health
Financial Health criteria checks 2/6
Time Out Group has a total shareholder equity of £26.8M and total debt of £34.8M, which brings its debt-to-equity ratio to 130.1%. Its total assets and total liabilities are £107.7M and £80.9M respectively.
Key information
130.1%
Debt to equity ratio
UK£34.85m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£7.12m |
| Equity | UK£26.78m |
| Total liabilities | UK£80.90m |
| Total assets | UK£107.68m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TMO's short term assets (£23.3M) do not cover its short term liabilities (£28.7M).
Long Term Liabilities: TMO's short term assets (£23.3M) do not cover its long term liabilities (£52.2M).
Debt to Equity History and Analysis
Debt Level: TMO's net debt to equity ratio (103.5%) is considered high.
Reducing Debt: TMO's debt to equity ratio has increased from 35.8% to 130.1% 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: Whilst unprofitable TMO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TMO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.3% per year.