THG Balance Sheet Health
Financial Health criteria checks 5/6
THG has a total shareholder equity of £1.0B and total debt of £650.0M, which brings its debt-to-equity ratio to 63.6%. Its total assets and total liabilities are £2.8B and £1.8B respectively.
Key information
63.6%
Debt to equity ratio
UK£650.04m
Debt
Interest coverage ratio | n/a |
Cash | UK£416.16m |
Equity | UK£1.02b |
Total liabilities | UK£1.76b |
Total assets | UK£2.78b |
Financial Position Analysis
Short Term Liabilities: THG's short term assets (£987.0M) exceed its short term liabilities (£758.6M).
Long Term Liabilities: THG's short term assets (£987.0M) do not cover its long term liabilities (£1.0B).
Debt to Equity History and Analysis
Debt Level: THG's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: THG's debt to equity ratio has reduced from 136.8% to 63.6% 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: Whilst unprofitable THG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: THG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.4% per year.