Tenth Avenue Petroleum Financial Health

How is Tenth Avenue Petroleum's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TPC's short term assets (CA$1.8M) exceed its short term liabilities (CA$105.3K).

Long Term Liabilities: TPC's short term assets (CA$1.8M) do not cover its long term liabilities (CA$2.4M).


Debt to Equity History and Analysis

Debt Level: TPC has more cash than its total debt.

Reducing Debt: TPC's debt to equity ratio has reduced from 12.2% to 0.8% over the past 5 years.

Debt Coverage: TPC's debt is well covered by operating cash flow (64.5%).

Interest Coverage: TPC's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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