Turtle Beach Balance Sheet Health
Financial Health criteria checks 5/6
Turtle Beach has a total shareholder equity of $125.2M and total debt of $46.0M, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are $258.4M and $133.2M respectively.
Key information
36.7%
Debt to equity ratio
US$45.95m
Debt
Interest coverage ratio | n/a |
Cash | US$17.82m |
Equity | US$125.23m |
Total liabilities | US$133.16m |
Total assets | US$258.39m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0ZNF's short term assets ($140.6M) exceed its short term liabilities ($76.8M).
Long Term Liabilities: 0ZNF's short term assets ($140.6M) exceed its long term liabilities ($56.4M).
Debt to Equity History and Analysis
Debt Level: 0ZNF's net debt to equity ratio (22.5%) is considered satisfactory.
Reducing Debt: 0ZNF's debt to equity ratio has increased from 0% to 36.7% 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 0ZNF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0ZNF is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 22.1% per year.