Touchstar Balance Sheet Health
Financial Health criteria checks 6/6
Touchstar has a total shareholder equity of £3.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £6.8M and £3.6M respectively. Touchstar's EBIT is £599.0K making its interest coverage ratio -7.9. It has cash and short-term investments of £3.0M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -7.9x |
| Cash | UK£3.01m |
| Equity | UK£3.26m |
| Total liabilities | UK£3.56m |
| Total assets | UK£6.82m |
Recent financial health updates
These 4 Measures Indicate That Touchstar (LON:TST) Is Using Debt Reasonably Well
Oct 14
Touchstar (LON:TST) Has A Pretty Healthy Balance Sheet
May 12Recent updates
Is Touchstar plc (LON:TST) Potentially Undervalued?
Mar 12Why Investors Shouldn't Be Surprised By Touchstar plc's (LON:TST) Low P/E
Jan 06Should You Investigate Touchstar plc (LON:TST) At UK£1.00?
Nov 11Should You Investigate Touchstar plc (LON:TST) At UK£1.08?
Aug 09Is There Now An Opportunity In Touchstar plc (LON:TST)?
Apr 19With EPS Growth And More, Touchstar (LON:TST) Makes An Interesting Case
Jul 27These 4 Measures Indicate That Touchstar (LON:TST) Is Using Debt Reasonably Well
Oct 14Touchstar (LON:TST) Has A Pretty Healthy Balance Sheet
May 12Financial Position Analysis
Short Term Liabilities: TST's short term assets (£5.4M) exceed its short term liabilities (£3.3M).
Long Term Liabilities: TST's short term assets (£5.4M) exceed its long term liabilities (£282.0K).
Debt to Equity History and Analysis
Debt Level: TST is debt free.
Reducing Debt: TST has no debt compared to 5 years ago when its debt to equity ratio was 75.9%.
Debt Coverage: TST has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TST has no debt, therefore coverage of interest payments is not a concern.