Tenet Fintech Group Balance Sheet Health
Financial Health criteria checks 5/6
Tenet Fintech Group has a total shareholder equity of CA$34.0M and total debt of CA$10.1M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are CA$70.8M and CA$36.7M respectively.
Key information
29.8%
Debt to equity ratio
CA$10.13m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$8.16m |
| Equity | CA$34.03m |
| Total liabilities | CA$36.73m |
| Total assets | CA$70.76m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PKKF.F's short term assets (CA$49.5M) exceed its short term liabilities (CA$25.7M).
Long Term Liabilities: PKKF.F's short term assets (CA$49.5M) exceed its long term liabilities (CA$11.1M).
Debt to Equity History and Analysis
Debt Level: PKKF.F's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: PKKF.F's debt to equity ratio has increased from 23.5% to 29.8% 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: PKKF.F has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PKKF.F is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.