t42 IoT Tracking Solutions Balance Sheet Health
Financial Health criteria checks 2/6
t42 IoT Tracking Solutions has a total shareholder equity of $-2.7M and total debt of $3.7M, which brings its debt-to-equity ratio to -136.8%. Its total assets and total liabilities are $4.4M and $7.1M respectively.
Key information
-136.84%
Debt to equity ratio
US$3.67m
Debt
| Interest coverage ratio | n/a |
| Cash | US$147.00k |
| Equity | -US$2.68m |
| Total liabilities | US$7.06m |
| Total assets | US$4.37m |
Recent financial health updates
Is t42 IoT Tracking Solutions (LON:TRAC) Using Debt Sensibly?
Oct 04
Does t42 IoT Tracking Solutions (LON:TRAC) Have A Healthy Balance Sheet?
Jun 21We Think t42 IoT Tracking Solutions (LON:TRAC) Has A Fair Chunk Of Debt
Mar 06We Think Starcom (LON:STAR) Has A Fair Chunk Of Debt
Oct 23Here's Why Starcom (LON:STAR) Can Afford Some Debt
Mar 31Recent updates
This Is Why t42 IoT Tracking Solutions PLC's (LON:TRAC) CEO Compensation Looks Appropriate
Dec 09Why We Think t42 IoT Tracking Solutions PLC's (LON:TRAC) CEO Compensation Is Not Excessive At All
Nov 08Is t42 IoT Tracking Solutions (LON:TRAC) Using Debt Sensibly?
Oct 04Does t42 IoT Tracking Solutions (LON:TRAC) Have A Healthy Balance Sheet?
Jun 21We Think t42 IoT Tracking Solutions (LON:TRAC) Has A Fair Chunk Of Debt
Mar 06We Think Starcom (LON:STAR) Has A Fair Chunk Of Debt
Oct 23Here's Why Starcom plc's (LON:STAR) CEO Compensation Is The Least Of Shareholders Concerns
Jul 09Here's Why Starcom (LON:STAR) Can Afford Some Debt
Mar 31What Can We Make Of Starcom's (LON:STAR) CEO Compensation?
Nov 20
Financial Position Analysis
Short Term Liabilities: TRAC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TRAC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TRAC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TRAC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 TRAC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TRAC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/07 04:05 |
| End of Day Share Price | 2025/08/07 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
t42 IoT Tracking Solutions PLC is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Paul St. Johnson | Allenby Capital Limited |