Turtle Beach Balance Sheet Health
Financial Health criteria checks 4/6
Turtle Beach has a total shareholder equity of $105.3M and total debt of $69.8M, which brings its debt-to-equity ratio to 66.3%. Its total assets and total liabilities are $264.4M and $159.1M respectively. Turtle Beach's EBIT is $2.4M making its interest coverage ratio 0.9. It has cash and short-term investments of $12.5M.
Key information
66.3%
Debt to equity ratio
US$69.80m
Debt
Interest coverage ratio | 0.9x |
Cash | US$12.46m |
Equity | US$105.26m |
Total liabilities | US$159.13m |
Total assets | US$264.39m |
Recent financial health updates
Recent updates
Turtle 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 10Turtle Beach: Get Out While You Still Can
Sep 12Financial Position Analysis
Short Term Liabilities: HEAR's short term assets ($143.7M) exceed its short term liabilities ($103.2M).
Long Term Liabilities: HEAR's short term assets ($143.7M) exceed its long term liabilities ($55.9M).
Debt to Equity History and Analysis
Debt Level: HEAR's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: HEAR's debt to equity ratio has increased from 24.3% to 66.3% 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: Whilst unprofitable HEAR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HEAR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 22.7% per year.