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Takung Art Balance Sheet Health
Financial Health criteria checks 6/6
Takung Art has a total shareholder equity of $59.2M and total debt of $2.1M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are $69.1M and $9.9M respectively.
Key information
3.5%
Debt to equity ratio
US$2.05m
Debt
| Interest coverage ratio | n/a |
| Cash | US$63.65m |
| Equity | US$59.16m |
| Total liabilities | US$9.94m |
| Total assets | US$69.10m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TKAT's short term assets ($69.1M) exceed its short term liabilities ($9.9M).
Long Term Liabilities: TKAT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TKAT has more cash than its total debt.
Reducing Debt: TKAT's debt to equity ratio has reduced from 78.8% to 3.5% 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: TKAT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: TKAT has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 6.7% each year