Trio Petroleum Balance Sheet Health
Financial Health criteria checks 4/6
Trio Petroleum has a total shareholder equity of $9.7M and total debt of $548.5K, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are $11.8M and $2.1M respectively.
Key information
5.6%
Debt to equity ratio
US$548.45k
Debt
Interest coverage ratio | n/a |
Cash | US$220.65k |
Equity | US$9.75m |
Total liabilities | US$2.07m |
Total assets | US$11.81m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPET's short term assets ($804.9K) do not cover its short term liabilities ($2.0M).
Long Term Liabilities: TPET's short term assets ($804.9K) exceed its long term liabilities ($49.7K).
Debt to Equity History and Analysis
Debt Level: TPET's net debt to equity ratio (3.4%) 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 0 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.