Tenth Avenue Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Tenth Avenue Petroleum has a total shareholder equity of CA$1.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.0M and CA$4.7M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$240.48k |
| Equity | CA$1.29m |
| Total liabilities | CA$4.67m |
| Total assets | CA$5.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPC's short term assets (CA$915.1K) do not cover its short term liabilities (CA$1.2M).
Long Term Liabilities: TPC's short term assets (CA$915.1K) do not cover its long term liabilities (CA$3.5M).
Debt to Equity History and Analysis
Debt Level: TPC is debt free.
Reducing Debt: TPC has no debt compared to 5 years ago when its debt to equity ratio was 4810.2%.
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 11.8% per year.