Thunderbird Resorts Balance Sheet Health
Financial Health criteria checks 3/6
Thunderbird Resorts has a total shareholder equity of $4.3M and total debt of $7.9M, which brings its debt-to-equity ratio to 184.9%. Its total assets and total liabilities are $22.3M and $18.0M respectively. Thunderbird Resorts's EBIT is $3.6M making its interest coverage ratio 4.2. It has cash and short-term investments of $3.1M.
Key information
184.9%
Debt to equity ratio
US$7.88m
Debt
Interest coverage ratio | 4.2x |
Cash | US$3.13m |
Equity | US$4.26m |
Total liabilities | US$18.00m |
Total assets | US$22.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THRS.F's short term assets ($7.5M) do not cover its short term liabilities ($14.0M).
Long Term Liabilities: THRS.F's short term assets ($7.5M) exceed its long term liabilities ($4.0M).
Debt to Equity History and Analysis
Debt Level: THRS.F's net debt to equity ratio (111.5%) is considered high.
Reducing Debt: THRS.F's debt to equity ratio has reduced from 644.6% to 184.9% over the past 5 years.
Debt Coverage: THRS.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: THRS.F's interest payments on its debt are well covered by EBIT (4.2x coverage).