Tower Resources Balance Sheet Health
Financial Health criteria checks 4/6
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: TRP's short term assets ($1.0M) do not cover its short term liabilities ($2.0M).
Long Term Liabilities: TRP's short term assets ($1.0M) exceed its long term liabilities ($24.4K).
Debt to Equity History and Analysis
Debt Level: TRP has more cash than its total debt.
Reducing Debt: TRP'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: TRP has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TRP is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.