Tel-Instrument Electronics Balance Sheet Health
Financial Health criteria checks 4/6
Tel-Instrument Electronics has a total shareholder equity of $6.5M and total debt of $690.0K, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are $10.1M and $3.6M respectively. Tel-Instrument Electronics's EBIT is $169.2K making its interest coverage ratio -18.1. It has cash and short-term investments of $220.8K.
Key information
10.6%
Debt to equity ratio
US$690.00k
Debt
Interest coverage ratio | -18.1x |
Cash | US$220.79k |
Equity | US$6.50m |
Total liabilities | US$3.58m |
Total assets | US$10.09m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIKK's short term assets ($6.0M) exceed its short term liabilities ($2.2M).
Long Term Liabilities: TIKK's short term assets ($6.0M) exceed its long term liabilities ($1.3M).
Debt to Equity History and Analysis
Debt Level: TIKK's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: TIKK had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 4.9% each year