Touchstone Exploration Balance Sheet Health
Financial Health criteria checks 2/6
Touchstone Exploration has a total shareholder equity of $69.7M and total debt of $32.1M, which brings its debt-to-equity ratio to 46.1%. Its total assets and total liabilities are $151.5M and $81.8M respectively.
Key information
46.1%
Debt to equity ratio
US$32.12m
Debt
| Interest coverage ratio | n/a |
| Cash | US$6.55m |
| Equity | US$69.69m |
| Total liabilities | US$81.84m |
| Total assets | US$151.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TXP's short term assets ($19.2M) do not cover its short term liabilities ($23.1M).
Long Term Liabilities: TXP's short term assets ($19.2M) do not cover its long term liabilities ($58.8M).
Debt to Equity History and Analysis
Debt Level: TXP's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: TXP's debt to equity ratio has increased from 30.6% to 46.1% 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: TXP has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TXP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.