Torque Metals Balance Sheet Health

Financial Health criteria checks 5/6

Torque Metals has a total shareholder equity of A$20.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$22.8M and A$2.7M respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$2.26m
EquityAU$20.11m
Total liabilitiesAU$2.67m
Total assetsAU$22.78m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TOR's short term assets (A$2.3M) do not cover its short term liabilities (A$2.7M).

Long Term Liabilities: TOR's short term assets (A$2.3M) exceed its long term liabilities (A$8.1K).


Debt to Equity History and Analysis

Debt Level: TOR is debt free.

Reducing Debt: TOR has no debt compared to 5 years ago when its debt to equity ratio was 27.1%.


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: TOR has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: TOR is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


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