TechPrecision Balance Sheet Health
Financial Health criteria checks 2/6
TechPrecision has a total shareholder equity of $12.8M and total debt of $7.4M, which brings its debt-to-equity ratio to 57.9%. Its total assets and total liabilities are $38.4M and $25.6M respectively.
Key information
57.9%
Debt to equity ratio
US$7.43m
Debt
Interest coverage ratio | n/a |
Cash | US$412.42k |
Equity | US$12.84m |
Total liabilities | US$25.61m |
Total assets | US$38.44m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TPCS's short term assets ($15.2M) do not cover its short term liabilities ($16.6M).
Long Term Liabilities: TPCS's short term assets ($15.2M) exceed its long term liabilities ($9.0M).
Debt to Equity History and Analysis
Debt Level: TPCS's net debt to equity ratio (54.7%) is considered high.
Reducing Debt: TPCS's debt to equity ratio has increased from 48.3% to 57.9% 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: TPCS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TPCS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.