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TrueContext Balance Sheet Health
Financial Health criteria checks 2/6
TrueContext has a total shareholder equity of $-3.7M and total debt of $5.8M, which brings its debt-to-equity ratio to -154.8%. Its total assets and total liabilities are $15.5M and $19.2M respectively.
Key information
-154.8%
Debt to equity ratio
US$5.78m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.13m |
| Equity | -US$3.73m |
| Total liabilities | US$19.19m |
| Total assets | US$15.46m |
Recent financial health updates
ProntoForms (CVE:PFM) Has Debt But No Earnings; Should You Worry?
Jan 28
Is ProntoForms (CVE:PFM) Using Debt Sensibly?
Apr 08Recent updates
TrueContext Corporation's (CVE:TCXT) Shares Climb 31% But Its Business Is Yet to Catch Up
Mar 23Subdued Growth No Barrier To TrueContext Corporation's (CVE:TCXT) Price
Feb 03ProntoForms (CVE:PFM) Has Debt But No Earnings; Should You Worry?
Jan 28Shareholders Will Probably Hold Off On Increasing ProntoForms Corporation's (CVE:PFM) CEO Compensation For The Time Being
Jun 10Is ProntoForms (CVE:PFM) Using Debt Sensibly?
Apr 08Did You Miss ProntoForms' (CVE:PFM) Whopping 360% Share Price Gain?
Feb 16
What Is The Ownership Structure Like For ProntoForms Corporation (CVE:PFM)?
Jan 20A Look At ProntoForms' (CVE:PFM) CEO Remuneration
Dec 25Have ProntoForms Corporation (CVE:PFM) Insiders Been Selling Their Stock?
Nov 29Financial Position Analysis
Short Term Liabilities: TCXT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TCXT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TCXT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TCXT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: Whilst unprofitable TCXT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TCXT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/16 19:53 |
| End of Day Share Price | 2024/05/16 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TrueContext Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gabriel Leung | Beacon Securities Limited |
| Blair Abernethy | iA Capital Markets |
| Gabriel Leung | Paradigm Capital, Inc. |