Tidewater Renewables Balance Sheet Health
Financial Health criteria checks 3/6
Tidewater Renewables has a total shareholder equity of CA$163.0M and total debt of CA$165.3M, which brings its debt-to-equity ratio to 101.4%. Its total assets and total liabilities are CA$420.2M and CA$257.2M respectively. Tidewater Renewables's EBIT is CA$33.7M making its interest coverage ratio 0.9. It has cash and short-term investments of CA$5.0K.
Key information
101.4%
Debt to equity ratio
CA$165.31m
Debt
| Interest coverage ratio | 0.9x |
| Cash | CA$5.00k |
| Equity | CA$162.99m |
| Total liabilities | CA$257.24m |
| Total assets | CA$420.23m |
Recent financial health updates
Recent updates
Tidewater Renewables (TSE:LCFS) Has Some Difficulty Using Its Capital Effectively
Nov 10
Is Tidewater Renewables (TSE:LCFS) Using Debt Sensibly?
Aug 16Tidewater Renewables Ltd. Beat Analyst Profit Forecasts, And Analysts Have New Estimates
Aug 13Analysts Just Made A Major Revision To Their Tidewater Renewables Ltd. (TSE:LCFS) Revenue Forecasts
Aug 12News Flash: 6 Analysts Think Tidewater Renewables Ltd. (TSE:LCFS) Earnings Are Under Threat
Mar 12Financial Position Analysis
Short Term Liabilities: LCFS's short term assets (CA$88.9M) exceed its short term liabilities (CA$77.6M).
Long Term Liabilities: LCFS's short term assets (CA$88.9M) do not cover its long term liabilities (CA$179.7M).
Debt to Equity History and Analysis
Debt Level: LCFS's net debt to equity ratio (101.4%) is considered high.
Reducing Debt: Insufficient data to determine if LCFS'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: Whilst unprofitable LCFS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LCFS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.5% per year.