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
Shareholders 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).