Tekna Holding Balance Sheet Health
Financial Health criteria checks 2/6
Tekna Holding has a total shareholder equity of CA$33.9M and total debt of CA$30.8M, which brings its debt-to-equity ratio to 90.8%. Its total assets and total liabilities are CA$77.2M and CA$43.3M respectively.
Key information
90.8%
Debt to equity ratio
CA$30.81m
Debt
Interest coverage ratio | n/a |
Cash | CA$10.01m |
Equity | CA$33.92m |
Total liabilities | CA$43.31m |
Total assets | CA$77.23m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TEKNA's short term assets (CA$41.3M) exceed its short term liabilities (CA$11.2M).
Long Term Liabilities: TEKNA's short term assets (CA$41.3M) exceed its long term liabilities (CA$32.1M).
Debt to Equity History and Analysis
Debt Level: TEKNA's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: Insufficient data to determine if TEKNA'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: TEKNA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TEKNA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.5% each year