Techstep Balance Sheet Health
Financial Health criteria checks 4/6
Techstep has a total shareholder equity of NOK573.7M and total debt of NOK178.7M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are NOK1.3B and NOK697.1M respectively.
Key information
31.1%
Debt to equity ratio
kr178.68m
Debt
Interest coverage ratio | n/a |
Cash | kr77.46m |
Equity | kr573.70m |
Total liabilities | kr697.10m |
Total assets | kr1.27b |
Recent financial health updates
Is Techstep (OB:TECH) Using Too Much Debt?
Oct 03Is Techstep (OB:TECH) Using Too Much Debt?
Jun 14Is Techstep (OB:TECH) Using Debt In A Risky Way?
Feb 27Would Techstep (OB:TECH) Be Better Off With Less Debt?
Aug 05Is Techstep (OB:TECH) A Risky Investment?
May 12Here's Why Techstep (OB:TECH) Can Afford Some Debt
Nov 24Recent updates
Is Techstep (OB:TECH) Using Too Much Debt?
Oct 03The Market Doesn't Like What It Sees From Techstep ASA's (OB:TECH) Earnings Yet As Shares Tumble 27%
Jul 14Is Techstep (OB:TECH) Using Too Much Debt?
Jun 14Is Techstep (OB:TECH) Using Debt In A Risky Way?
Feb 27Would Techstep (OB:TECH) Be Better Off With Less Debt?
Aug 05Is Techstep (OB:TECH) A Risky Investment?
May 12Have Insiders Been Buying Techstep ASA (OB:TECH) Shares This Year?
Mar 10What Type Of Shareholders Own The Most Number of Techstep ASA (OB:TECH) Shares?
Feb 11Techstep (OB:TECH) Shareholders Have Enjoyed A 55% Share Price Gain
Dec 28The Independent Chairman of the Board of Techstep ASA (OB:TECH), Jens Rugseth, Just Bought 2.7% More Shares
Dec 06Here's Why Techstep (OB:TECH) Can Afford Some Debt
Nov 24Financial Position Analysis
Short Term Liabilities: TECH's short term assets (NOK277.6M) do not cover its short term liabilities (NOK513.2M).
Long Term Liabilities: TECH's short term assets (NOK277.6M) exceed its long term liabilities (NOK183.9M).
Debt to Equity History and Analysis
Debt Level: TECH's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: TECH's debt to equity ratio has increased from 11.5% to 31.1% 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 TECH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TECH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 27.5% per year.