Tenet Fintech Group Balance Sheet Health
Financial Health criteria checks 3/6
Tenet Fintech Group has a total shareholder equity of CA$47.9M and total debt of CA$11.9M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are CA$81.9M and CA$34.0M respectively.
Key information
24.8%
Debt to equity ratio
CA$11.89m
Debt
Interest coverage ratio | n/a |
Cash | CA$8.92m |
Equity | CA$47.88m |
Total liabilities | CA$34.04m |
Total assets | CA$81.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P0T's short term assets (CA$51.5M) exceed its short term liabilities (CA$21.6M).
Long Term Liabilities: P0T's short term assets (CA$51.5M) exceed its long term liabilities (CA$12.5M).
Debt to Equity History and Analysis
Debt Level: P0T's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: P0T's debt to equity ratio has increased from 19.2% to 24.8% 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: P0T has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: P0T has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.9% each year