Tigo Energy Balance Sheet Health
Financial Health criteria checks 3/6
Tigo Energy has a total shareholder equity of $62.8M and total debt of $31.6M, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are $127.8M and $65.0M respectively.
Key information
50.3%
Debt to equity ratio
US$31.57m
Debt
Interest coverage ratio | n/a |
Cash | US$31.21m |
Equity | US$62.82m |
Total liabilities | US$64.95m |
Total assets | US$127.78m |
Recent financial health updates
No updates
Recent updates
Lacklustre Performance Is Driving Tigo Energy, Inc.'s (NASDAQ:TYGO) 30% Price Drop
Mar 23Newsflash: Tigo Energy, Inc. (NASDAQ:TYGO) Analysts Have Been Trimming Their Revenue Forecasts
Jan 23The Market Doesn't Like What It Sees From Tigo Energy, Inc.'s (NASDAQ:TYGO) Revenues Yet As Shares Tumble 28%
Jan 18Tigo Energy (NASDAQ:TYGO) Is Doing The Right Things To Multiply Its Share Price
Jan 07Why Tigo Energy, Inc. (NASDAQ:TYGO) Could Be Worth Watching
Nov 28Why Investors Shouldn't Be Surprised By Tigo Energy, Inc.'s (NASDAQ:TYGO) 46% Share Price Plunge
Nov 10Returns Are Gaining Momentum At Tigo Energy (NASDAQ:TYGO)
Sep 15Financial Position Analysis
Short Term Liabilities: TYGO's short term assets ($104.7M) exceed its short term liabilities ($26.4M).
Long Term Liabilities: TYGO's short term assets ($104.7M) exceed its long term liabilities ($38.5M).
Debt to Equity History and Analysis
Debt Level: TYGO's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TYGO'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: TYGO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TYGO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.