TomCo Energy Balance Sheet Health
Financial Health criteria checks 4/6
TomCo Energy has a total shareholder equity of £5.9M and total debt of £445.0K, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are £6.5M and £568.0K respectively.
Key information
7.5%
Debt to equity ratio
UK£445.00k
Debt
Interest coverage ratio | n/a |
Cash | UK£62.00k |
Equity | UK£5.91m |
Total liabilities | UK£568.00k |
Total assets | UK£6.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NI41's short term assets (£96.0K) do not cover its short term liabilities (£568.0K).
Long Term Liabilities: NI41 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NI41's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: NI41's debt to equity ratio has increased from 3% to 7.5% 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: NI41 has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NI41 is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.