Turmalina Metals Balance Sheet Health
Financial Health criteria checks 6/6
Turmalina Metals has a total shareholder equity of CA$2.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$3.1M and CA$151.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$283.35k |
| Equity | CA$2.94m |
| Total liabilities | CA$151.16k |
| Total assets | CA$3.09m |
Recent financial health updates
We Think Turmalina Metals (CVE:TBX) Can Afford To Drive Business Growth
Jun 17
We Think Turmalina Metals (CVE:TBX) Can Afford To Drive Business Growth
Aug 01We're Hopeful That Turmalina Metals (CVE:TBX) Will Use Its Cash Wisely
Jan 20We're Not Very Worried About Turmalina Metals' (CVE:TBX) Cash Burn Rate
Aug 10Companies Like Turmalina Metals (CVE:TBX) Are In A Position To Invest In Growth
Mar 26We're Not Very Worried About Turmalina Metals' (CVE:TBX) Cash Burn Rate
Dec 11Recent updates
We Think Turmalina Metals (CVE:TBX) Can Afford To Drive Business Growth
Jun 17We Think Turmalina Metals (CVE:TBX) Can Afford To Drive Business Growth
Aug 01We're Hopeful That Turmalina Metals (CVE:TBX) Will Use Its Cash Wisely
Jan 20We're Not Very Worried About Turmalina Metals' (CVE:TBX) Cash Burn Rate
Aug 10Companies Like Turmalina Metals (CVE:TBX) Are In A Position To Invest In Growth
Mar 26We're Not Very Worried About Turmalina Metals' (CVE:TBX) Cash Burn Rate
Dec 11Financial Position Analysis
Short Term Liabilities: TBX's short term assets (CA$505.1K) exceed its short term liabilities (CA$151.2K).
Long Term Liabilities: TBX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TBX is debt free.
Reducing Debt: TBX has not had any debt for 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: TBX has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TBX is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.