ToughBuilt Industries Balance Sheet Health
Financial Health criteria checks 5/6
ToughBuilt Industries has a total shareholder equity of $8.3M and total debt of $707.6K, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are $64.5M and $56.3M respectively.
Key information
8.6%
Debt to equity ratio
US$707.63k
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.83m |
| Equity | US$8.27m |
| Total liabilities | US$56.26m |
| Total assets | US$64.53m |
Recent financial health updates
Recent updates
ToughBuilt: Too Tough To Write It Off Yet, Here's Why
Oct 17ToughBuilt Industries adds new distributors in Germany
Oct 05ToughBuilt Industries adds two wholesale tool distributors in Switzerland
Sep 22ToughBuilt Stock: The Business Has Real Value, But Still Has Work To Do
Sep 06ToughBuilt Industries GAAP EPS of -$9.45, revenue of $17.9M
Aug 19ToughBuilt signs supply agreement with hardware distributor and hardware super-cooperative
Aug 08ToughBuilt stock gains on launch of 93 products on Amazon Italy, Germany
Aug 01ToughBuilt Industries to raise $20M in stock offering alongwith preferred investment options
Jul 25ToughBuilt generates $3.56M in Q2 gross sales through Amazon
Jul 11ToughBuilt: Poor Expense Management Has Turned A Great Business Into A Poor Stock
Feb 04Rainbows and Unicorns: The ToughBuilt Industries, Inc. (NASDAQ:TBLT) Analyst Just Became A Lot More Optimistic
Dec 03
Is ToughBuilt Stock A Good Stock To Buy Or Sell? It's A Huge Gamble, So Probably Both
Jul 23Here's Why ToughBuilt Industries (NASDAQ:TBLT) Must Use Its Cash Wisely
May 19Here's Why ToughBuilt Industries (NASDAQ:TBLT) Can Manage Its Debt Despite Losing Money
Feb 19Analysts Expect Breakeven For ToughBuilt Industries, Inc. (NASDAQ:TBLT) Before Long
Jan 13
Financial Position Analysis
Short Term Liabilities: TBLT's short term assets ($39.4M) do not cover its short term liabilities ($53.2M).
Long Term Liabilities: TBLT's short term assets ($39.4M) exceed its long term liabilities ($3.0M).
Debt to Equity History and Analysis
Debt Level: TBLT has more cash than its total debt.
Reducing Debt: TBLT 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: TBLT has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TBLT is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.