Tenth Avenue Petroleum Balance Sheet Health
Financial Health criteria checks 5/6
Tenth Avenue Petroleum has a total shareholder equity of CA$2.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.4M and CA$4.2M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$295.03k |
Equity | CA$2.25m |
Total liabilities | CA$4.16m |
Total assets | CA$6.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPC's short term assets (CA$1.1M) exceed its short term liabilities (CA$997.4K).
Long Term Liabilities: TPC's short term assets (CA$1.1M) do not cover its long term liabilities (CA$3.2M).
Debt to Equity History and Analysis
Debt Level: TPC is debt free.
Reducing Debt: TPC currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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 TPC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TPC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.9% per year.