TAG Oil Balance Sheet Health
Financial Health criteria checks 5/6
TAG Oil has a total shareholder equity of CA$50.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$53.4M and CA$3.3M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$23.03m |
Equity | CA$50.09m |
Total liabilities | CA$3.28m |
Total assets | CA$53.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAOI.F's short term assets (CA$27.7M) exceed its short term liabilities (CA$3.0M).
Long Term Liabilities: TAOI.F's short term assets (CA$27.7M) exceed its long term liabilities (CA$251.0K).
Debt to Equity History and Analysis
Debt Level: TAOI.F is debt free.
Reducing Debt: TAOI.F had no debt 5 years ago.
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: TAOI.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TAOI.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.