Trident Royalties Balance Sheet Health
Financial Health criteria checks 2/6
Trident Royalties has a total shareholder equity of $108.6M and total debt of $28.9M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are $149.3M and $40.7M respectively.
Key information
26.6%
Debt to equity ratio
US$28.88m
Debt
Interest coverage ratio | n/a |
Cash | US$3.25m |
Equity | US$108.56m |
Total liabilities | US$40.74m |
Total assets | US$149.30m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRR's short term assets ($13.1M) exceed its short term liabilities ($7.5M).
Long Term Liabilities: TRR's short term assets ($13.1M) do not cover its long term liabilities ($33.2M).
Debt to Equity History and Analysis
Debt Level: TRR's net debt to equity ratio (23.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TRR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TRR's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: Insufficient data to determine if TRR's interest payments on its debt are well covered by EBIT.