Thalassa Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Thalassa Holdings has a total shareholder equity of £9.2M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £12.3M and £3.1M respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | n/a |
Cash | UK£1.30m |
Equity | UK£9.21m |
Total liabilities | UK£3.12m |
Total assets | UK£12.32m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THAL's short term assets (£2.1M) exceed its short term liabilities (£1.7M).
Long Term Liabilities: THAL's short term assets (£2.1M) exceed its long term liabilities (£1.4M).
Debt to Equity History and Analysis
Debt Level: THAL is debt free.
Reducing Debt: THAL had no debt 5 years ago.
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: THAL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: THAL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.2% each year