Tel-Instrument Electronics Balance Sheet Health
Financial Health criteria checks 4/6
Tel-Instrument Electronics has a total shareholder equity of $6.1M and total debt of $1.1M, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are $10.2M and $4.1M respectively.
Key information
17.8%
Debt to equity ratio
US$1.09m
Debt
| Interest coverage ratio | n/a |
| Cash | US$242.37k |
| Equity | US$6.09m |
| Total liabilities | US$4.13m |
| Total assets | US$10.22m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIKK's short term assets ($6.3M) exceed its short term liabilities ($3.0M).
Long Term Liabilities: TIKK's short term assets ($6.3M) exceed its long term liabilities ($1.1M).
Debt to Equity History and Analysis
Debt Level: TIKK's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: TIKK's debt to equity ratio has reduced from 101% to 17.8% 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: TIKK has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TIKK has less than a year of cash runway if free cash flow continues to reduce at historical rates of 45.8% each year