True North Copper Balance Sheet Health
Financial Health criteria checks 3/6
True North Copper has a total shareholder equity of A$24.2M and total debt of A$9.8M, which brings its debt-to-equity ratio to 40.5%. Its total assets and total liabilities are A$77.6M and A$53.4M respectively.
Key information
40.5%
Debt to equity ratio
AU$9.80m
Debt
Interest coverage ratio | n/a |
Cash | AU$1.64m |
Equity | AU$24.22m |
Total liabilities | AU$53.41m |
Total assets | AU$77.63m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNC's short term assets (A$3.2M) do not cover its short term liabilities (A$20.3M).
Long Term Liabilities: TNC's short term assets (A$3.2M) do not cover its long term liabilities (A$33.1M).
Debt to Equity History and Analysis
Debt Level: TNC's net debt to equity ratio (33.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TNC's debt to equity ratio has reduced 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: TNC has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TNC is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.