TuanChe Balance Sheet Health
Financial Health criteria checks 2/6
TuanChe has a total shareholder equity of CN¥19.5M and total debt of CN¥18.7M, which brings its debt-to-equity ratio to 95.9%. Its total assets and total liabilities are CN¥119.3M and CN¥99.9M respectively.
Key information
95.9%
Debt to equity ratio
CN¥18.69m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥16.16m |
| Equity | CN¥19.48m |
| Total liabilities | CN¥99.86m |
| Total assets | CN¥119.35m |
Recent financial health updates
Recent updates
Benign Growth For TuanChe Limited (NASDAQ:TC) Underpins Stock's 40% Plummet
Feb 12
TuanChe 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's short term assets (CN¥62.0M) do not cover its short term liabilities (CN¥86.8M).
Long Term Liabilities: TC's short term assets (CN¥62.0M) exceed its long term liabilities (CN¥13.1M).
Debt to Equity History and Analysis
Debt Level: TC's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: TC's debt to equity ratio has increased from 0% to 95.9% 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: TC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 3.6% each year