True Games Syndicate Balance Sheet Health
Financial Health criteria checks 3/6
True Games Syndicate has a total shareholder equity of PLN9.5M and total debt of PLN1.1M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are PLN11.4M and PLN1.9M respectively.
Key information
11.9%
Debt to equity ratio
zł1.14m
Debt
| Interest coverage ratio | n/a |
| Cash | zł50.22k |
| Equity | zł9.51m |
| Total liabilities | zł1.88m |
| Total assets | zł11.39m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TGS's short term assets (PLN54.8K) do not cover its short term liabilities (PLN1.9M).
Long Term Liabilities: TGS's short term assets (PLN54.8K) exceed its long term liabilities (PLN15.0K).
Debt to Equity History and Analysis
Debt Level: TGS's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: TGS's debt to equity ratio has increased from 0.6% to 11.9% 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: TGS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TGS has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 24.5% each year.