Turtle Beach Balance Sheet Health
Financial Health criteria checks 2/6
Turtle Beach has a total shareholder equity of $101.8M and total debt of $104.3M, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are $313.2M and $211.4M respectively. Turtle Beach's EBIT is $15.6M making its interest coverage ratio 2.9. It has cash and short-term investments of $13.8M.
Key information
102.5%
Debt to equity ratio
US$104.32m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$13.80m |
| Equity | US$101.82m |
| Total liabilities | US$211.38m |
| Total assets | US$313.20m |
Recent financial health updates
Turtle Beach (NASDAQ:HEAR) Takes On Some Risk With Its Use Of Debt
Oct 17
Is Turtle Beach (NASDAQ:HEAR) A Risky Investment?
Jul 16Recent updates
Turtle Beach (NASDAQ:HEAR) Is Reinvesting At Lower Rates Of Return
Dec 19Shareholders Will Be Pleased With The Quality of Turtle Beach's (NASDAQ:HEAR) Earnings
Nov 14Turtle Beach Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Nov 10Turtle Beach: Overlooked, Repositioned Company With Growth Tailwinds
Oct 27Turtle Beach (NASDAQ:HEAR) Takes On Some Risk With Its Use Of Debt
Oct 17Investors Aren't Entirely Convinced By Turtle Beach Corporation's (NASDAQ:HEAR) Revenues
Sep 08Turtle Beach: Sell Into The Stock Buyback Program
Aug 13Is Turtle Beach (NASDAQ:HEAR) A Risky Investment?
Jul 16Turtle Beach: Starting On A Solid Note With PDP
May 28News Flash: Analysts Just Made A Captivating Upgrade To Their Turtle Beach Corporation (NASDAQ:HEAR) Forecasts
Mar 15Earnings Update: Turtle Beach Corporation (NASDAQ:HEAR) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts
Aug 11Continuing To Avoid Turtle Beach
Oct 10Financial Position Analysis
Short Term Liabilities: HEAR's short term assets ($196.5M) exceed its short term liabilities ($155.7M).
Long Term Liabilities: HEAR's short term assets ($196.5M) exceed its long term liabilities ($55.7M).
Debt to Equity History and Analysis
Debt Level: HEAR's net debt to equity ratio (88.9%) is considered high.
Reducing Debt: HEAR's debt to equity ratio has increased from 63.8% to 102.5% over the past 5 years.
Debt Coverage: HEAR's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: HEAR's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:29 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Turtle Beach Corporation is covered by 12 analysts. 6 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 |
|---|---|
| Thomas Forte | D.A. Davidson & Co. |
| Mark Argento | Lake Street Capital Markets, LLC |
| Jack Vander Aarde | Maxim Group |