Twin Vee Powercats Balance Sheet Health
Financial Health criteria checks 5/6
Twin Vee Powercats has a total shareholder equity of $30.1M and total debt of $499.9K, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are $36.5M and $6.3M respectively.
Key information
1.7%
Debt to equity ratio
US$499.90k
Debt
| Interest coverage ratio | n/a |
| Cash | US$17.12m |
| Equity | US$30.14m |
| Total liabilities | US$6.31m |
| Total assets | US$36.45m |
Recent financial health updates
No updates
Recent updates
Twin Vee Powercats Co. (NASDAQ:VEEE) Might Not Be As Mispriced As It Looks After Plunging 27%
Jun 01
Not Many Are Piling Into Twin Vee Powercats Co. (NASDAQ:VEEE) Stock Yet As It Plummets 30%
Apr 04Twin Vee Powercats Co. (NASDAQ:VEEE) Screens Well But There Might Be A Catch
Feb 16Twin Vee PowerCats announces proposed stock offering
Sep 28Electric sports boat developer, Forza X1 prices $15M IPO
Aug 12Twin Vee Powercats: Sailing Away With The Electric Revolution
Jan 06Why Twin Vee Powercats' (NASDAQ:VEEE) Earnings Are Weaker Than They Seem
Nov 22Financial Position Analysis
Short Term Liabilities: VEEE's short term assets ($21.8M) exceed its short term liabilities ($2.9M).
Long Term Liabilities: VEEE's short term assets ($21.8M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: VEEE has more cash than its total debt.
Reducing Debt: Insufficient data to determine if VEEE'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: VEEE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: VEEE has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 60.8% each year.