Tocvan Ventures Balance Sheet Health
Financial Health criteria checks 4/6
Tocvan Ventures has a total shareholder equity of CA$6.2M and total debt of CA$663.4K, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CA$7.8M and CA$1.6M respectively.
Key information
10.7%
Debt to equity ratio
CA$663.40k
Debt
Interest coverage ratio | n/a |
Cash | CA$422.04k |
Equity | CA$6.22m |
Total liabilities | CA$1.62m |
Total assets | CA$7.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOC's short term assets (CA$592.2K) do not cover its short term liabilities (CA$1.6M).
Long Term Liabilities: TOC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TOC's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: TOC's debt to equity ratio has increased from 0% to 10.7% 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 2 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 2 months based on free cash flow estimates, but has since raised additional capital.