Tantalus Systems Holding Balance Sheet Health
Financial Health criteria checks 3/6
Tantalus Systems Holding has a total shareholder equity of $2.3M and total debt of $11.4M, which brings its debt-to-equity ratio to 491%. Its total assets and total liabilities are $34.8M and $32.5M respectively.
Key information
491.0%
Debt to equity ratio
US$11.39m
Debt
Interest coverage ratio | n/a |
Cash | US$5.15m |
Equity | US$2.32m |
Total liabilities | US$32.48m |
Total assets | US$34.80m |
Recent financial health updates
Recent updates
Investors Still Aren't Entirely Convinced By Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues Despite 26% Price Jump
Apr 19Does Tantalus Systems Holding (TSE:GRID) Have A Healthy Balance Sheet?
Mar 29Tantalus Systems Holding Inc.'s (TSE:GRID) Revenues Are Not Doing Enough For Some Investors
Mar 01Sentiment Still Eluding Tantalus Systems Holding Inc. (TSE:GRID)
Oct 17Earnings Release: Here's Why Analysts Cut Their Tantalus Systems Holding Inc. (TSE:GRID) Price Target To CA$2.80
Mar 27Financial Position Analysis
Short Term Liabilities: GRID's short term assets ($21.8M) do not cover its short term liabilities ($27.3M).
Long Term Liabilities: GRID's short term assets ($21.8M) exceed its long term liabilities ($5.2M).
Debt to Equity History and Analysis
Debt Level: GRID's net debt to equity ratio (268.8%) is considered high.
Reducing Debt: GRID had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: GRID has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GRID has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.