Tocvan Ventures Balance Sheet Health
Financial Health criteria checks 2/6
Tocvan Ventures has a total shareholder equity of CA$7.0M and total debt of CA$832.6K, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are CA$10.2M and CA$3.2M respectively.
Key information
11.9%
Debt to equity ratio
CA$832.62k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.21m |
| Equity | CA$7.00m |
| Total liabilities | CA$3.18m |
| Total assets | CA$10.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TV3's short term assets (CA$1.4M) do not cover its short term liabilities (CA$3.2M).
Long Term Liabilities: TV3 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TV3 has more cash than its total debt.
Reducing Debt: TV3's debt to equity ratio has increased from 0% to 11.9% 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: TV3 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TV3 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.4% each year