Tenth Avenue Petroleum Financial Health
How is Tenth Avenue Petroleum's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
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).