Tungsten West Balance Sheet Health
Financial Health criteria checks 3/6
Tungsten West has a total shareholder equity of £21.3M and total debt of £11.6M, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are £43.1M and £21.8M respectively.
Key information
54.4%
Debt to equity ratio
UK£11.59m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£4.21m |
| Equity | UK£21.31m |
| Total liabilities | UK£21.77m |
| Total assets | UK£43.08m |
Financial Position Analysis
Short Term Liabilities: TUN's short term assets (£4.4M) do not cover its short term liabilities (£13.4M).
Long Term Liabilities: TUN's short term assets (£4.4M) do not cover its long term liabilities (£8.3M).
Debt to Equity History and Analysis
Debt Level: TUN's net debt to equity ratio (34.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TUN's debt to equity ratio has reduced 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: TUN has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TUN is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.