Tidewater Renewables Balance Sheet Health
Financial Health criteria checks 2/6
Tidewater Renewables has a total shareholder equity of CA$526.0M and total debt of CA$302.2M, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are CA$1.1B and CA$547.9M respectively. Tidewater Renewables's EBIT is CA$7.7M making its interest coverage ratio 0.2. It has cash and short-term investments of CA$2.0M.
Key information
57.4%
Debt to equity ratio
CA$302.19m
Debt
| Interest coverage ratio | 0.2x |
| Cash | CA$1.97m |
| Equity | CA$526.01m |
| Total liabilities | CA$547.88m |
| Total assets | CA$1.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TDWR.F's short term assets (CA$80.8M) do not cover its short term liabilities (CA$269.9M).
Long Term Liabilities: TDWR.F's short term assets (CA$80.8M) do not cover its long term liabilities (CA$277.9M).
Debt to Equity History and Analysis
Debt Level: TDWR.F's net debt to equity ratio (57.1%) is considered high.
Reducing Debt: Insufficient data to determine if TDWR.F'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: Whilst unprofitable TDWR.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TDWR.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.7% per year.