TPI Composites Balance Sheet Health
Financial Health criteria checks 4/6
TPI Composites has a total shareholder equity of $261.6M and total debt of $189.3M, which brings its debt-to-equity ratio to 72.4%. Its total assets and total liabilities are $944.9M and $683.4M respectively.
Key information
72.4%
Debt to equity ratio
US$189.30m
Debt
Interest coverage ratio | n/a |
Cash | US$170.10m |
Equity | US$261.56m |
Total liabilities | US$683.39m |
Total assets | US$944.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPIC *'s short term assets ($642.8M) exceed its short term liabilities ($417.4M).
Long Term Liabilities: TPIC *'s short term assets ($642.8M) exceed its long term liabilities ($266.0M).
Debt to Equity History and Analysis
Debt Level: TPIC *'s net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: TPIC *'s debt to equity ratio has increased from 55.5% to 72.4% 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: TPIC * has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TPIC * has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.