TuanChe Balance Sheet Health
Financial Health criteria checks 2/6
TuanChe has a total shareholder equity of CN¥-5.7M and total debt of CN¥25.9M, which brings its debt-to-equity ratio to -453.4%. Its total assets and total liabilities are CN¥90.9M and CN¥96.7M respectively.
Key information
-453.4%
Debt to equity ratio
CN¥25.90m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥9.51m |
| Equity | -CN¥5.71m |
| Total liabilities | CN¥96.66m |
| Total assets | CN¥90.95m |
Recent financial health updates
Recent updates
Little Excitement Around TuanChe Limited's (NASDAQ:TC) Revenues As Shares Take 46% Pounding
Oct 31
TuanChe Limited's (NASDAQ:TC) Share Price Is Matching Sentiment Around Its Revenues
Aug 20TuanChe Limited's (NASDAQ:TC) Price Is Right But Growth Is Lacking After Shares Rocket 32%
May 04Benign Growth For TuanChe Limited (NASDAQ:TC) Underpins Stock's 40% Plummet
Feb 12TuanChe Limited (NASDAQ:TC) Not Doing Enough For Some Investors As Its Shares Slump 28%
Dec 21TuanChe Limited (NASDAQ:TC) Investors Are Less Pessimistic Than Expected
Apr 17TuanChe GAAP EPS of -RMB0.07, revenue of RMB89.2M
Sep 29How Much Of TuanChe Limited (NASDAQ:TC) Do Insiders Own?
Dec 18Financial Position Analysis
Short Term Liabilities: TC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: TC has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TC is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.