Tenet Fintech Group Balance Sheet Health
Financial Health criteria checks 5/6
Tenet Fintech Group has a total shareholder equity of CA$34.0M and total debt of CA$10.1M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are CA$70.8M and CA$36.7M respectively.
Key information
29.8%
Debt to equity ratio
CA$10.13m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$8.16m |
| Equity | CA$34.03m |
| Total liabilities | CA$36.73m |
| Total assets | CA$70.76m |
Recent financial health updates
Does Tenet Fintech Group (CSE:PKK) Have A Healthy Balance Sheet?
Oct 21
Peak Fintech Group (CSE:PKK) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway
May 13We Think Peak Fintech Group (CSE:PKK) Is Taking Some Risk With Its Debt
Jan 25
Recent updates
Benign Growth For Tenet Fintech Group Inc. (CSE:PKK) Underpins Stock's 31% Plummet
Sep 12Lacklustre Performance Is Driving Tenet Fintech Group Inc.'s (CSE:PKK) 27% Price Drop
Jul 21Revenues Working Against Tenet Fintech Group Inc.'s (CSE:PKK) Share Price Following 42% Dive
Jun 04Tenet Fintech Group Inc. (CSE:PKK) Might Not Be As Mispriced As It Looks After Plunging 26%
Apr 20Not Many Are Piling Into Tenet Fintech Group Inc. (CSE:PKK) Stock Yet As It Plummets 26%
Feb 21Does Tenet Fintech Group (CSE:PKK) Have A Healthy Balance Sheet?
Oct 21Shareholders Will Probably Hold Off On Increasing Peak Fintech Group Inc.'s (CSE:PKK) CEO Compensation For The Time Being
Jun 24Peak Fintech Group (CSE:PKK) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway
May 13An Intrinsic Calculation For Peak Fintech Group Inc. (CSE:PKK) Suggests It's 49% Undervalued
Mar 19We Think Peak Fintech Group (CSE:PKK) Is Taking Some Risk With Its Debt
Jan 25Peak Positioning Technologies Inc. (CSE:PKK) Could Be Less Than A Year Away From Profitability
Dec 01Financial Position Analysis
Short Term Liabilities: PKK's short term assets (CA$49.5M) exceed its short term liabilities (CA$25.7M).
Long Term Liabilities: PKK's short term assets (CA$49.5M) exceed its long term liabilities (CA$11.1M).
Debt to Equity History and Analysis
Debt Level: PKK's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: PKK's debt to equity ratio has increased from 23.5% to 29.8% 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: PKK has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PKK is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.