Tower Resources Balance Sheet Health
Financial Health criteria checks 2/6
Tower Resources has a total shareholder equity of $31.9M and total debt of $37.3K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are $33.9M and $2.0M respectively.
Key information
0.1%
Debt to equity ratio
US$37.26k
Debt
Interest coverage ratio | n/a |
Cash | US$952.17k |
Equity | US$31.93m |
Total liabilities | US$2.02m |
Total assets | US$33.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ULF1's short term assets ($1.0M) do not cover its short term liabilities ($2.0M).
Long Term Liabilities: ULF1's short term assets ($1.0M) exceed its long term liabilities ($24.4K).
Debt to Equity History and Analysis
Debt Level: ULF1 has more cash than its total debt.
Reducing Debt: ULF1's debt to equity ratio has increased from 0% to 0.1% 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: Insufficient data to determine if ULF1 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ULF1 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.