Grindr Balance Sheet Health
Financial Health criteria checks 2/6
Grindr has a total shareholder equity of $-13.4M and total debt of $294.1M, which brings its debt-to-equity ratio to -2194.6%. Its total assets and total liabilities are $456.3M and $469.7M respectively. Grindr's EBIT is $92.2M making its interest coverage ratio 3. It has cash and short-term investments of $39.1M.
Key information
-2,194.6%
Debt to equity ratio
US$294.14m
Debt
| Interest coverage ratio | 3x |
| Cash | US$39.12m |
| Equity | -US$13.40m |
| Total liabilities | US$469.75m |
| Total assets | US$456.35m |
Recent financial health updates
Recent updates
Grindr: The Untapped Value Of The Overlooked Rainbow Economy
Oct 18Grindr Continues To Outmuscle The Competition
Sep 17Why The 21% Return On Capital At Grindr (NYSE:GRND) Should Have Your Attention
Aug 21
Grindr: Expensive, But Growth Is Lapping Peers
Jul 03Grindr: Close To Fully Valued Despite Attractive Growth Prospects
Jun 21We Like These Underlying Return On Capital Trends At Grindr (NYSE:GRND)
May 06Market Participants Recognise Grindr Inc.'s (NYSE:GRND) Revenues Pushing Shares 25% Higher
Apr 01Grindr: Impressive Growth, But Greater Losses
Mar 15Is Grindr (NYSE:GRND) Using Too Much Debt?
Feb 17Grindr's (NYSE:GRND) Returns On Capital Are Heading Higher
Jan 08Revenues Tell The Story For Grindr Inc. (NYSE:GRND) As Its Stock Soars 39%
Dec 13Grindr: Profits In Progress, Patience Persists
Nov 22Grindr (NYSE:GRND) Is Experiencing Growth In Returns On Capital
Aug 10Grindr's Anticipated Q2 Financial Results Amidst Industry Momentum
Aug 08Grindr (NYSE:GRND) Is Looking To Continue Growing Its Returns On Capital
Mar 19Grindr: Stock Price Implodes But Let's Not Ignore Fundamentals And Growth Rate
Jan 24Returns At Grindr (NYSE:GRND) Are On The Way Up
Dec 18Grindr's (NYSE:GRND) Performance Is Even Better Than Its Earnings Suggest
Nov 30Financial Position Analysis
Short Term Liabilities: GRND has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GRND 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: GRND has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GRND'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: Whilst unprofitable GRND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GRND is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 10.7% per year.
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:03 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Grindr Inc. is covered by 3 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Jones | JMP Securities |
| Andrew Marok | Raymond James & Associates |
| John Blackledge | TD Cowen |