Touchstone Exploration Balance Sheet Health
Financial Health criteria checks 2/6
Touchstone Exploration has a total shareholder equity of $59.8M and total debt of $28.0M, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are $138.9M and $79.2M respectively.
Key information
46.8%
Debt to equity ratio
US$27.98m
Debt
Interest coverage ratio | n/a |
Cash | US$8.19m |
Equity | US$59.77m |
Total liabilities | US$79.18m |
Total assets | US$138.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TXP's short term assets ($22.6M) do not cover its short term liabilities ($30.2M).
Long Term Liabilities: TXP's short term assets ($22.6M) do not cover its long term liabilities ($49.0M).
Debt to Equity History and Analysis
Debt Level: TXP's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: TXP's debt to equity ratio has increased from 34.8% to 46.8% 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: TXP has sufficient cash runway for more than a year 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.