TAAT Global Alternatives Balance Sheet Health
Financial Health criteria checks 1/6
TAAT Global Alternatives has a total shareholder equity of CA$2.9M and total debt of CA$4.6M, which brings its debt-to-equity ratio to 158.9%. Its total assets and total liabilities are CA$16.8M and CA$13.9M respectively.
Key information
158.9%
Debt to equity ratio
CA$4.59m
Debt
Interest coverage ratio | n/a |
Cash | CA$537.02k |
Equity | CA$2.89m |
Total liabilities | CA$13.91m |
Total assets | CA$16.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2TP0's short term assets (CA$10.7M) do not cover its short term liabilities (CA$11.2M).
Long Term Liabilities: 2TP0's short term assets (CA$10.7M) exceed its long term liabilities (CA$2.7M).
Debt to Equity History and Analysis
Debt Level: 2TP0's net debt to equity ratio (140.3%) is considered high.
Reducing Debt: 2TP0's debt to equity ratio has increased from 23.6% to 158.9% 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 2TP0 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 2TP0 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.