Taranis Resources Balance Sheet Health
Financial Health criteria checks 6/6
Taranis Resources has a total shareholder equity of CA$7.6M and total debt of CA$100.0K, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CA$8.5M and CA$893.4K respectively.
Key information
1.3%
Debt to equity ratio
CA$100.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.24m |
| Equity | CA$7.58m |
| Total liabilities | CA$893.43k |
| Total assets | CA$8.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRO's short term assets (CA$1.3M) exceed its short term liabilities (CA$513.4K).
Long Term Liabilities: TRO's short term assets (CA$1.3M) exceed its long term liabilities (CA$380.0K).
Debt to Equity History and Analysis
Debt Level: TRO has more cash than its total debt.
Reducing Debt: TRO's debt to equity ratio has reduced from 6.9% to 1.3% 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: TRO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: TRO is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.