TrenDevice Balance Sheet Health
Financial Health criteria checks 1/6
TrenDevice has a total shareholder equity of €2.5M and total debt of €6.5M, which brings its debt-to-equity ratio to 254.7%. Its total assets and total liabilities are €12.4M and €9.8M respectively.
Key information
254.7%
Debt to equity ratio
€6.46m
Debt
Interest coverage ratio | n/a |
Cash | €579.75k |
Equity | €2.54m |
Total liabilities | €9.84m |
Total assets | €12.37m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TD's short term assets (€5.5M) exceed its short term liabilities (€2.9M).
Long Term Liabilities: TD's short term assets (€5.5M) do not cover its long term liabilities (€7.0M).
Debt to Equity History and Analysis
Debt Level: TD's net debt to equity ratio (231.8%) is considered high.
Reducing Debt: Insufficient data to determine if TD's debt to equity ratio has reduced 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: Insufficient data to determine if TD has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.