Taranis Resources Balance Sheet Health
Financial Health criteria checks 5/6
Taranis Resources has a total shareholder equity of CA$7.5M and total debt of CA$100.0K, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CA$8.7M and CA$1.1M respectively.
Key information
1.3%
Debt to equity ratio
CA$100.00k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$553.11k |
| Equity | CA$7.53m |
| Total liabilities | CA$1.14m |
| Total assets | CA$8.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNRE.F's short term assets (CA$633.8K) do not cover its short term liabilities (CA$764.6K).
Long Term Liabilities: TNRE.F's short term assets (CA$633.8K) exceed its long term liabilities (CA$380.0K).
Debt to Equity History and Analysis
Debt Level: TNRE.F has more cash than its total debt.
Reducing Debt: TNRE.F's debt to equity ratio has reduced from 6.5% to 1.3% 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: TNRE.F has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TNRE.F is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.