Threat Protect Australia Ltd
ASX:TPS
Bankruptcy Probability
Threat Protect Australia Ltd's probability of bankruptcy is 2.1%, pointing to a small but noticeable default risk. The solvency score is 41/100 — a warning sign of potential financial weakness.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Financial Position
A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.
Interest Coverage
To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.
The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.
Threat Protect Australia Ltd's probability of bankruptcy is 48.1%, signalling a meaningful chance of default.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Threat Protect Australia Ltd has total debt of 6.8m AUD. This includes both short-term (95k AUD) and long-term (6.7m AUD) debt.
You can find a full breakdown on its Balance Sheet.
You don't have any saved screeners yet
