Taranis Resources Balance Sheet Health
Financial Health criteria checks 3/6
Taranis Resources has a total shareholder equity of CA$6.6M and total debt of CA$100.0K, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CA$7.5M and CA$953.2K respectively.
Key information
1.5%
Debt to equity ratio
CA$100.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$475.17k |
Equity | CA$6.58m |
Total liabilities | CA$953.21k |
Total assets | CA$7.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRO's short term assets (CA$511.4K) do not cover its short term liabilities (CA$573.2K).
Long Term Liabilities: TRO's short term assets (CA$511.4K) exceed its long term liabilities (CA$380.0K).
Debt to Equity History and Analysis
Debt Level: TRO has more cash than its total debt.
Reducing Debt: TRO's debt to equity ratio has reduced from 8.2% to 1.5% 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: TRO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TRO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.6% each year