TechnoPlus Ventures Balance Sheet Health
Financial Health criteria checks 5/6
TechnoPlus Ventures has a total shareholder equity of $5.1M and total debt of $299.0K, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are $5.4M and $358.0K respectively. TechnoPlus Ventures's EBIT is $78.0K making its interest coverage ratio -1.3. It has cash and short-term investments of $3.0M.
Key information
5.9%
Debt to equity ratio
US$299.00k
Debt
| Interest coverage ratio | -1.3x |
| Cash | US$2.98m |
| Equity | US$5.07m |
| Total liabilities | US$358.00k |
| Total assets | US$5.43m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TNPV's short term assets ($3.0M) exceed its short term liabilities ($183.0K).
Long Term Liabilities: TNPV's short term assets ($3.0M) exceed its long term liabilities ($175.0K).
Debt to Equity History and Analysis
Debt Level: TNPV has more cash than its total debt.
Reducing Debt: TNPV's debt to equity ratio has reduced from 9.7% to 5.9% over the past 5 years.
Debt Coverage: TNPV's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TNPV earns more interest than it pays, so coverage of interest payments is not a concern.