Grindr Financial Health
Financial Health criteria checks 2/6
Grindr has a total shareholder equity of $-5.6M and total debt of $360.1M, which brings its debt-to-equity ratio to -6384.3%. Its total assets and total liabilities are $463.4M and $469.0M respectively. Grindr's EBIT is $21.7M making its interest coverage ratio 0.8. It has cash and short-term investments of $33.8M.
Debt to equity ratio
|Interest coverage ratio||0.8x|
Recent financial health updates
Financial 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.
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 13% per year.