Tidewater Midstream and Infrastructure Balance Sheet Health
Financial Health criteria checks 1/6
Tidewater Midstream and Infrastructure has a total shareholder equity of CA$339.6M and total debt of CA$530.3M, which brings its debt-to-equity ratio to 156.2%. Its total assets and total liabilities are CA$1.3B and CA$914.9M respectively. Tidewater Midstream and Infrastructure's EBIT is CA$6.9M making its interest coverage ratio 0.1. It has cash and short-term investments of CA$100.0K.
Key information
156.2%
Debt to equity ratio
CA$530.30m
Debt
| Interest coverage ratio | 0.09x |
| Cash | CA$100.00k |
| Equity | CA$339.60m |
| Total liabilities | CA$914.90m |
| Total assets | CA$1.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TWMI.F's short term assets (CA$347.6M) exceed its short term liabilities (CA$283.0M).
Long Term Liabilities: TWMI.F's short term assets (CA$347.6M) do not cover its long term liabilities (CA$631.9M).
Debt to Equity History and Analysis
Debt Level: TWMI.F's net debt to equity ratio (156.1%) is considered high.
Reducing Debt: TWMI.F's debt to equity ratio has increased from 111% to 156.2% 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: TWMI.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TWMI.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.