Tower Resources Balance Sheet Health
Financial Health criteria checks 4/6
Tower Resources has a total shareholder equity of $34.3M and total debt of $24.4K, which brings its debt-to-equity ratio to 0.07%. Its total assets and total liabilities are $36.2M and $1.9M respectively.
Key information
0.07%
Debt to equity ratio
US$24.39k
Debt
| Interest coverage ratio | n/a |
| Cash | US$337.49k |
| Equity | US$34.29m |
| Total liabilities | US$1.89m |
| Total assets | US$36.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRP's short term assets ($393.1K) do not cover its short term liabilities ($1.9M).
Long Term Liabilities: TRP's short term assets ($393.1K) exceed its long term liabilities ($11.6K).
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 0.07% 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 1 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 0 months based on free cash flow estimates, but has since raised additional capital.