Texas Mineral Resources Balance Sheet Health
Financial Health criteria checks 4/6
Texas Mineral Resources has a total shareholder equity of $1.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $1.2M and $41.1K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$764.49k |
Equity | US$1.19m |
Total liabilities | US$41.11k |
Total assets | US$1.23m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMRC's short term assets ($814.2K) exceed its short term liabilities ($41.1K).
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 28.2% each year