Tocvan Ventures Balance Sheet Health
Financial Health criteria checks 4/6
Tocvan Ventures has a total shareholder equity of CA$5.4M and total debt of CA$1.1M, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are CA$8.0M and CA$2.6M respectively.
Key information
20.6%
Debt to equity ratio
CA$1.12m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.06m |
| Equity | CA$5.42m |
| Total liabilities | CA$2.61m |
| Total assets | CA$8.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOC's short term assets (CA$1.2M) do not cover its short term liabilities (CA$2.6M).
Long Term Liabilities: TOC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TOC's net debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: TOC's debt to equity ratio has increased from 0% to 20.6% over the past 5 years.
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: TOC has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TOC is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.