Tungsten West Balance Sheet Health
Financial Health criteria checks 1/6
Tungsten West has a total shareholder equity of £22.2M and total debt of £6.7M, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are £38.6M and £16.4M respectively.
Key information
30.1%
Debt to equity ratio
UK£6.68m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£1.42m |
| Equity | UK£22.20m |
| Total liabilities | UK£16.39m |
| Total assets | UK£38.60m |
Financial Position Analysis
Short Term Liabilities: TUN's short term assets (£6.2M) do not cover its short term liabilities (£8.3M).
Long Term Liabilities: TUN's short term assets (£6.2M) do not cover its long term liabilities (£8.1M).
Debt to Equity History and Analysis
Debt Level: TUN's net debt to equity ratio (23.7%) 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TUN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.2% each year