TAG Oil Balance Sheet Health
Financial Health criteria checks 4/6
TAG Oil has a total shareholder equity of CA$46.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$53.2M and CA$6.6M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$12.73m |
| Equity | CA$46.55m |
| Total liabilities | CA$6.63m |
| Total assets | CA$53.19m |
Recent financial health updates
We Think TAG Oil (CVE:TAO) Needs To Drive Business Growth Carefully
May 09
Is TAG Oil (CVE:TAO) In A Good Position To Deliver On Growth Plans?
Jan 23Will TAG Oil (CVE:TAO) Spend Its Cash Wisely?
Oct 07TAG Oil (CVE:TAO) Is In A Good Position To Deliver On Growth Plans
May 22We're Not Very Worried About TAG Oil's (CVE:TAO) Cash Burn Rate
Feb 02TAG Oil (CVE:TAO) Is In A Good Position To Deliver On Growth Plans
Aug 05Recent updates
We Think TAG Oil (CVE:TAO) Needs To Drive Business Growth Carefully
May 09Is TAG Oil (CVE:TAO) In A Good Position To Deliver On Growth Plans?
Jan 23Will TAG Oil (CVE:TAO) Spend Its Cash Wisely?
Oct 07TAG Oil (CVE:TAO) Is In A Good Position To Deliver On Growth Plans
May 22We're Not Very Worried About TAG Oil's (CVE:TAO) Cash Burn Rate
Feb 02TAG Oil (CVE:TAO) Is In A Good Position To Deliver On Growth Plans
Aug 05Financial Position Analysis
Short Term Liabilities: TAO's short term assets (CA$15.9M) exceed its short term liabilities (CA$6.5M).
Long Term Liabilities: TAO's short term assets (CA$15.9M) exceed its long term liabilities (CA$140.0K).
Debt to Equity History and Analysis
Debt Level: TAO is debt free.
Reducing Debt: TAO had no debt 5 years ago.
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: TAO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TAO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.