Trio Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Trio Petroleum has a total shareholder equity of $8.1M and total debt of $1.6M, which brings its debt-to-equity ratio to 19.5%. Its total assets and total liabilities are $11.7M and $3.6M respectively.
Key information
19.5%
Debt to equity ratio
US$1.57m
Debt
| Interest coverage ratio | n/a |
| Cash | US$293.11k |
| Equity | US$8.06m |
| Total liabilities | US$3.64m |
| Total assets | US$11.70m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPET's short term assets ($617.7K) do not cover its short term liabilities ($3.6M).
Long Term Liabilities: TPET's short term assets ($617.7K) exceed its long term liabilities ($50.4K).
Debt to Equity History and Analysis
Debt Level: TPET's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TPET'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: TPET has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TPET is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.