Tethys Petroleum Balance Sheet Health
Financial Health criteria checks 3/6
Tethys Petroleum has a total shareholder equity of $38.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $82.1M and $43.7M respectively. Tethys Petroleum's EBIT is $4.1M making its interest coverage ratio -33.5. It has cash and short-term investments of $2.6M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -33.5x |
| Cash | US$2.64m |
| Equity | US$38.48m |
| Total liabilities | US$43.67m |
| Total assets | US$82.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TP21's short term assets ($11.6M) exceed its short term liabilities ($7.1M).
Long Term Liabilities: TP21's short term assets ($11.6M) do not cover its long term liabilities ($36.5M).
Debt to Equity History and Analysis
Debt Level: TP21 is debt free.
Reducing Debt: TP21 has no debt compared to 5 years ago when its debt to equity ratio was 70%.
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: Insufficient data to determine if TP21 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TP21 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.