Tian Ruixiang Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tian Ruixiang Holdings has a total shareholder equity of $32.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $38.0M and $5.6M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$27.46m |
| Equity | US$32.34m |
| Total liabilities | US$5.62m |
| Total assets | US$37.97m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TIRX's short term assets ($28.3M) exceed its short term liabilities ($5.6M).
Long Term Liabilities: TIRX's short term assets ($28.3M) exceed its long term liabilities ($39.9K).
Debt to Equity History and Analysis
Debt Level: TIRX is debt free.
Reducing Debt: TIRX has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.
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: Whilst unprofitable TIRX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TIRX is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 29.1% per year.