Tenth Avenue Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Tenth Avenue Petroleum has a total shareholder equity of CA$1.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$5.5M and CA$4.0M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$80.76k |
Equity | CA$1.49m |
Total liabilities | CA$4.03m |
Total assets | CA$5.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPC's short term assets (CA$719.0K) exceed its short term liabilities (CA$685.8K).
Long Term Liabilities: TPC's short term assets (CA$719.0K) do not cover its long term liabilities (CA$3.3M).
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 1519.5%.
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: TPC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: TPC has less than a year of cash runway if free cash flow continues to grow at historical rates of 16.8% each year.