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 ratio | n/a |
| Cash | AU$2.26m |
| Equity | AU$20.11m |
| Total liabilities | AU$2.67m |
| Total assets | AU$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.