This company has been acquired
Horizon Global Balance Sheet Health
Financial Health criteria checks 0/6
Key information
-281.7%
Debt to equity ratio
US$325.86m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.76m |
| Equity | -US$115.67m |
| Total liabilities | US$525.72m |
| Total assets | US$410.05m |
Recent financial health updates
Recent updates
Horizon Global to be acquired by First Brands Group
Jan 03Horizon Global GAAP EPS of -$0.92, revenue of $148.97M
Nov 09Horizon Global announces review of strategic alternatives
Aug 08Horizon Global appoints CFO
Jun 29Horizon Global Corporation 2021 Q1 - Results - Earnings Call Presentation
May 09Horizon Global reports Q1 results
May 06Horizon Global Corporation 2020 Q3 - Results - Earnings Call Presentation
Nov 06Horizon Global reports Q3 results
Nov 05Financial Position Analysis
Short Term Liabilities: HZN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HZN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: HZN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: HZN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: HZN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HZN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.7% each year