Torchlight Innovations Balance Sheet Health
Financial Health criteria checks 6/6
Torchlight Innovations has a total shareholder equity of CA$140.5K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$150.9K and CA$10.4K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$138.30k |
Equity | CA$140.46k |
Total liabilities | CA$10.41k |
Total assets | CA$150.87k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TLX.P's short term assets (CA$150.9K) exceed its short term liabilities (CA$10.4K).
Long Term Liabilities: TLX.P has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TLX.P is debt free.
Reducing Debt: TLX.P has not had any debt for past 5 years.
Debt Coverage: TLX.P has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TLX.P has no debt, therefore coverage of interest payments is not a concern.