TAAT Global Alternatives Balance Sheet Health
Financial Health criteria checks 2/6
TAAT Global Alternatives has a total shareholder equity of CA$175.7K and total debt of CA$5.5M, which brings its debt-to-equity ratio to 3134.1%. Its total assets and total liabilities are CA$10.6M and CA$10.4M respectively.
Key information
3,134.1%
Debt to equity ratio
CA$5.51m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$294.23k |
| Equity | CA$175.65k |
| Total liabilities | CA$10.45m |
| Total assets | CA$10.62m |
Recent financial health updates
Here's Why TAAT Global Alternatives (CSE:TAAT) Must Use Its Cash Wisely
Mar 05
Is TAAT Global Alternatives (CSE:TAAT) In A Good Position To Deliver On Growth Plans?
Aug 30Recent updates
TAAT Global Alternatives Inc.'s (CSE:TAAT) 38% Dip In Price Shows Sentiment Is Matching Revenues
Apr 17Here's Why TAAT Global Alternatives (CSE:TAAT) Must Use Its Cash Wisely
Mar 05Is TAAT Global Alternatives (CSE:TAAT) In A Good Position To Deliver On Growth Plans?
Aug 30Did TAAT Lifestyle & Wellness Ltd. (CSE:TAAT) Insiders Sell Shares?
Nov 20Financial Position Analysis
Short Term Liabilities: TAAT's short term assets (CA$9.7M) do not cover its short term liabilities (CA$10.1M).
Long Term Liabilities: TAAT's short term assets (CA$9.7M) exceed its long term liabilities (CA$300.4K).
Debt to Equity History and Analysis
Debt Level: TAAT's net debt to equity ratio (2966.6%) is considered high.
Reducing Debt: TAAT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: TAAT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TAAT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11% each year