Turbo Energy Balance Sheet Health
Financial Health criteria checks 4/6
Turbo Energy has a total shareholder equity of €5.3M and total debt of €7.8M, which brings its debt-to-equity ratio to 148.2%. Its total assets and total liabilities are €15.2M and €10.0M respectively.
Key information
148.2%
Debt to equity ratio
€7.79m
Debt
| Interest coverage ratio | n/a |
| Cash | €2.67m |
| Equity | €5.26m |
| Total liabilities | €9.97m |
| Total assets | €15.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TURB's short term assets (€13.1M) exceed its short term liabilities (€9.8M).
Long Term Liabilities: TURB's short term assets (€13.1M) exceed its long term liabilities (€145.6K).
Debt to Equity History and Analysis
Debt Level: TURB's net debt to equity ratio (97.4%) is considered high.
Reducing Debt: Insufficient data to determine if TURB'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: TURB has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: TURB has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 1.5% each year