Texas Mineral Resources Balance Sheet Health
Financial Health criteria checks 4/6
Texas Mineral Resources has a total shareholder equity of $1.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $1.1M and $48.7K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$594.43k |
| Equity | US$1.01m |
| Total liabilities | US$48.73k |
| Total assets | US$1.06m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMRC's short term assets ($642.3K) exceed its short term liabilities ($48.7K).
Long Term Liabilities: TMRC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TMRC is debt free.
Reducing Debt: TMRC currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: TMRC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TMRC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23.1% each year