Triangle Energy (Global) Balance Sheet Health
Financial Health criteria checks 5/6
Triangle Energy (Global) has a total shareholder equity of A$3.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$23.9M and A$20.6M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$5.24m |
Equity | AU$3.29m |
Total liabilities | AU$20.65m |
Total assets | AU$23.94m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TEG's short term assets (A$9.8M) exceed its short term liabilities (A$3.1M).
Long Term Liabilities: TEG's short term assets (A$9.8M) do not cover its long term liabilities (A$17.6M).
Debt to Equity History and Analysis
Debt Level: TEG is debt free.
Reducing Debt: TEG has no debt compared to 5 years ago when its debt to equity ratio was 93.3%.
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: TEG has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TEG is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.