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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 $29.5M, which brings its debt-to-equity ratio to 27.2%. Its total assets and total liabilities are $149.3M and $40.7M respectively.
Key information
27.2%
Debt to equity ratio
US$29.49m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.25m |
| Equity | US$108.56m |
| Total liabilities | US$40.74m |
| Total assets | US$149.30m |
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 (24.2%) 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 (15.9%).
Interest Coverage: Insufficient data to determine if TRR's interest payments on its debt are well covered by EBIT.