Tectonic Metals Balance Sheet Health
Financial Health criteria checks 4/6
Tectonic Metals has a total shareholder equity of CA$1.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.7M and CA$780.0K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$1.30m |
Equity | CA$1.94m |
Total liabilities | CA$779.97k |
Total assets | CA$2.72m |
Financial Position Analysis
Short Term Liabilities: TECT's short term assets (CA$1.7M) exceed its short term liabilities (CA$420.5K).
Long Term Liabilities: TECT's short term assets (CA$1.7M) exceed its long term liabilities (CA$359.5K).
Debt to Equity History and Analysis
Debt Level: TECT is debt free.
Reducing Debt: TECT 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: TECT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TECT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11% each year