t42 IoT Tracking Solutions Balance Sheet Health
Financial Health criteria checks 0/6
t42 IoT Tracking Solutions has a total shareholder equity of $-1.3M and total debt of $1.8M, which brings its debt-to-equity ratio to -142.8%. Its total assets and total liabilities are $5.0M and $6.3M respectively.
Key information
-142.8%
Debt to equity ratio
US$1.84m
Debt
| Interest coverage ratio | n/a |
| Cash | US$347.00k |
| Equity | -US$1.29m |
| Total liabilities | US$6.31m |
| Total assets | US$5.02m |
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
Why 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: Insufficient data to determine if TRAC has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TRAC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.