Torrent Gold Balance Sheet Health
Financial Health criteria checks 5/6
Torrent Gold has a total shareholder equity of CA$659.4K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$1.0M and CA$389.5K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$49.90k |
| Equity | CA$659.43k |
| Total liabilities | CA$389.52k |
| Total assets | CA$1.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGLD's short term assets (CA$52.8K) do not cover its short term liabilities (CA$389.5K).
Long Term Liabilities: TGLD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TGLD is debt free.
Reducing Debt: TGLD has no debt compared to 5 years ago when its debt to equity ratio was 15.6%.
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: TGLD has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TGLD is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.