Tornado Global Hydrovacs Balance Sheet Health

Financial Health criteria checks 5/6

Tornado Global Hydrovacs has a total shareholder equity of CA$27.0M and total debt of CA$4.5M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are CA$51.8M and CA$24.8M respectively. Tornado Global Hydrovacs's EBIT is CA$11.9M making its interest coverage ratio 20.5. It has cash and short-term investments of CA$6.1M.

Key information

16.5%

Debt to equity ratio

CA$4.46m

Debt

Interest coverage ratio	20.5x
Cash	CA$6.08m
Equity	CA$27.03m
Total liabilities	CA$24.76m
Total assets	CA$51.79m

Recent financial health updates

Recent updates

Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?

May 14

Tornado Global Hydrovacs Ltd.'s (CVE:TGH) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Apr 26

Tornado Global Hydrovacs (CVE:TGH) Takes On Some Risk With Its Use Of Debt

Nov 08

Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?

Feb 03

Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?

May 30

Here's Why Tornado Global Hydrovacs (CVE:TGH) Can Afford Some Debt

Feb 24

Tornado Global Hydrovacs Ltd.'s (CVE:TGH) CEO Looks Like They Deserve Their Pay Packet

Nov 11

Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?

Oct 20

Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?

Jun 08

Does Tornado Global Hydrovacs (CVE:TGH) Have A Healthy Balance Sheet?

Mar 02

Financial Position Analysis

Short Term Liabilities: TGH's short term assets (CA$41.5M) exceed its short term liabilities (CA$20.2M).

Long Term Liabilities: TGH's short term assets (CA$41.5M) exceed its long term liabilities (CA$4.6M).

Debt to Equity History and Analysis

Debt Level: TGH has more cash than its total debt.

Reducing Debt: TGH's debt to equity ratio has increased from 4.1% to 16.5% over the past 5 years.

Debt Coverage: TGH's debt is well covered by operating cash flow (271.2%).

Interest Coverage: TGH's interest payments on its debt are well covered by EBIT (20.5x coverage).

Tornado Global Hydrovacs Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?

Tornado Global Hydrovacs (CVE:TGH) Takes On Some Risk With Its Use Of Debt

Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?

Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?

Here's Why Tornado Global Hydrovacs (CVE:TGH) Can Afford Some Debt

Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?

Recent updates

President & CEO exercised options to buy CA$305k worth of stock.

Independent Director exercised options to buy CA$273k worth of stock.

Tornado Global Hydrovacs Ltd., Annual General Meeting, Aug 21, 2024

Tornado Global Hydrovacs Ltd. Provides Earnings and Production Guidance for the Remainder of 2024

Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?

Tornado Global Hydrovacs Ltd.'s (CVE:TGH) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Full year 2023 earnings released: EPS: CA$0.054 (vs CA$0.019 in FY 2022)

Chief Financial Officer recently sold CA$55k worth of stock

Tornado Global Hydrovacs Ltd. Provides Production and Sales Guidance for the Year 2023 and 2024

Tornado Global Hydrovacs Ltd. Provides Production and Sales Guidance for the Year 2023 and 2024

Third quarter 2023 earnings released: EPS: CA$0.007 (vs CA$0.006 in 3Q 2022)

Tornado Global Hydrovacs (CVE:TGH) Takes On Some Risk With Its Use Of Debt

Tornado Global Hydrovacs Ltd., Annual General Meeting, Jan 09, 2024

Insufficient new directors

Second quarter 2023 earnings released: EPS: CA$0.008 (vs CA$0.004 in 2Q 2022)

First quarter 2023 earnings released: EPS: CA$0.006 (vs CA$0.004 in 1Q 2022)

Full year 2022 earnings released: EPS: CA$0.019 (vs CA$0.025 loss in FY 2021)

Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?

Corporate Secretary & Director exercised options to buy CA$312k worth of stock.

Third quarter 2022 earnings released: EPS: CA$0.006 (vs CA$0.005 loss in 3Q 2021)

Tornado Global Hydrovacs Ltd., Annual General Meeting, Dec 01, 2022

Second quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.001 loss in 2Q 2021)

Independent Non-Executive Chairman exercised options and sold CA$72k worth of stock

Independent Non-Executive Chairman recently sold CA$142k worth of stock

Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?

Full year 2021 earnings released: CA$0.025 loss per share (vs CA$0.005 loss in FY 2020)

Less than half of directors are independent

Here's Why Tornado Global Hydrovacs (CVE:TGH) Can Afford Some Debt

Less than half of directors are independent

Third quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.003 profit in 3Q 2020)

Tornado Global Hydrovacs Ltd.'s (CVE:TGH) CEO Looks Like They Deserve Their Pay Packet

Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?

Second quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.001 profit in 2Q 2020)

Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?

First quarter 2021 earnings released: EPS CA$0.003 (vs CA$0.001 loss in 1Q 2020)

Full year 2020 earnings released: CA$0.005 loss per share (vs CA$0.013 loss in FY 2019)

Tornado Global Hydrovacs Ltd. Provides Earnings Guidance for 2021

New 90-day high: CA$0.25

Does Tornado Global Hydrovacs (CVE:TGH) Have A Healthy Balance Sheet?

New 90-day high: CA$0.20

First half earnings released

ornado Global Hydrovacs Ltd. (TSXV:TGH) entered into an agreement to acquire 63,500 Square Foot Facility in Red Deer, Alberta for CAD 6.5 million.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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