Tocvan Ventures Balance Sheet Health

Financial Health criteria checks 2/6

Tocvan Ventures has a total shareholder equity of CA$7.0M and total debt of CA$832.6K, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are CA$10.2M and CA$3.2M respectively.

Key information

11.9%

Debt to equity ratio

CA$832.62k

Debt

Interest coverage ration/a
CashCA$1.21m
EquityCA$7.00m
Total liabilitiesCA$3.18m
Total assetsCA$10.19m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TOC's short term assets (CA$1.4M) do not cover its short term liabilities (CA$3.2M).

Long Term Liabilities: TOC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TOC has more cash than its total debt.

Reducing Debt: TOC's debt to equity ratio has increased from 0% to 11.9% 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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TOC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.4% each year


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