Think Research Balance Sheet Health
Financial Health criteria checks 3/6
Think Research has a total shareholder equity of CA$28.0M and total debt of CA$41.8M, which brings its debt-to-equity ratio to 149.2%. Its total assets and total liabilities are CA$114.7M and CA$86.7M respectively.
Key information
149.2%
Debt to equity ratio
CA$41.76m
Debt
Interest coverage ratio | n/a |
Cash | CA$3.75m |
Equity | CA$27.99m |
Total liabilities | CA$86.67m |
Total assets | CA$114.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THKK.F's short term assets (CA$19.4M) do not cover its short term liabilities (CA$59.8M).
Long Term Liabilities: THKK.F's short term assets (CA$19.4M) do not cover its long term liabilities (CA$26.9M).
Debt to Equity History and Analysis
Debt Level: THKK.F's net debt to equity ratio (135.8%) is considered high.
Reducing Debt: THKK.F 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: THKK.F has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: THKK.F has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 14% each year.