Tigo Energy Balance Sheet Health
Financial Health criteria checks 3/6
Tigo Energy has a total shareholder equity of $54.3M and total debt of $33.8M, which brings its debt-to-equity ratio to 62.2%. Its total assets and total liabilities are $109.1M and $54.8M respectively.
Key information
62.2%
Debt to equity ratio
US$33.81m
Debt
Interest coverage ratio | n/a |
Cash | US$21.95m |
Equity | US$54.32m |
Total liabilities | US$54.80m |
Total assets | US$109.12m |
Recent financial health updates
Recent updates
Here's Why Tigo Energy (NASDAQ:TYGO) Can Afford Some Debt
Jun 02Lacklustre 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 ($88.4M) exceed its short term liabilities ($14.2M).
Long Term Liabilities: TYGO's short term assets ($88.4M) exceed its long term liabilities ($40.6M).
Debt to Equity History and Analysis
Debt Level: TYGO's net debt to equity ratio (21.8%) 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.