Turaco Gold Balance Sheet Health
Financial Health criteria checks 6/6
Turaco Gold has a total shareholder equity of A$24.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$27.3M and A$3.2M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$18.23m |
| Equity | AU$24.05m |
| Total liabilities | AU$3.23m |
| Total assets | AU$27.28m |
Financial Position Analysis
Short Term Liabilities: TCG's short term assets (A$18.6M) exceed its short term liabilities (A$3.2M).
Long Term Liabilities: TCG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TCG is debt free.
Reducing Debt: TCG had no debt 5 years ago.
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: TCG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: TCG has sufficient cash runway for 2.5 years if free cash flow continues to reduce at historical rates of 30.4% each year.