TinOne Resources Balance Sheet Health
Financial Health criteria checks 3/6
TinOne Resources has a total shareholder equity of CA$3.7M and total debt of CA$578.5K, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CA$4.9M and CA$1.1M respectively.
Key information
15.4%
Debt to equity ratio
CA$578.51k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$83.80k |
| Equity | CA$3.75m |
| Total liabilities | CA$1.11m |
| Total assets | CA$4.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TORC's short term assets (CA$138.9K) do not cover its short term liabilities (CA$1.1M).
Long Term Liabilities: TORC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TORC's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: TORC's debt to equity ratio has reduced from 17.3% to 15.4% 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: TORC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TORC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.6% each year