Torq Resources Balance Sheet Health
Financial Health criteria checks 0/6
Torq Resources has a total shareholder equity of CA$1.0M and total debt of CA$2.0M, which brings its debt-to-equity ratio to 189.7%. Its total assets and total liabilities are CA$4.2M and CA$3.2M respectively.
Key information
189.7%
Debt to equity ratio
CA$1.97m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$487.97k |
| Equity | CA$1.04m |
| Total liabilities | CA$3.17m |
| Total assets | CA$4.21m |
Recent financial health updates
Does Torq Resources (CVE:TORQ) Have A Healthy Balance Sheet?
Sep 27
Is Torq Resources (CVE:TORQ) A Risky Investment?
Jun 05We Think Torq Resources (CVE:TORQ) Can Afford To Drive Business Growth
Nov 03Companies Like Torq Resources (CVE:TORQ) Are In A Position To Invest In Growth
Jul 21We're Interested To See How Torq Resources (CVE:TORQ) Uses Its Cash Hoard To Grow
Apr 07Torq Resources (CVE:TORQ) Is In A Strong Position To Grow Its Business
Dec 23Recent updates
Does Torq Resources (CVE:TORQ) Have A Healthy Balance Sheet?
Sep 27Is Torq Resources (CVE:TORQ) A Risky Investment?
Jun 05We Think Torq Resources (CVE:TORQ) Can Afford To Drive Business Growth
Nov 03Companies Like Torq Resources (CVE:TORQ) Are In A Position To Invest In Growth
Jul 21We're Interested To See How Torq Resources (CVE:TORQ) Uses Its Cash Hoard To Grow
Apr 07Torq Resources (CVE:TORQ) Is In A Strong Position To Grow Its Business
Dec 23Financial Position Analysis
Short Term Liabilities: TORQ's short term assets (CA$1.1M) do not cover its short term liabilities (CA$1.2M).
Long Term Liabilities: TORQ's short term assets (CA$1.1M) do not cover its long term liabilities (CA$2.0M).
Debt to Equity History and Analysis
Debt Level: TORQ's net debt to equity ratio (142.7%) is considered high.
Reducing Debt: TORQ's debt to equity ratio has increased from 0% to 189.7% 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: TORQ has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TORQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.3% each year