| Is Transatlantic Mining Corp (CVE:TCO) A Financially Sound Company? | |
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Does TCO face the risk of succumbing to its debt-load?TCO’s level of debt is low relative to its total equity, at 5.54%. This range is considered safe as TCO is not taking on too much debt obligation, which can be restrictive and risky for equity-holders. Investors’ risk associated with debt is virtually non-existent with TCO, and the company has plenty of headroom and ability to raise debt should it need to in the future. Next Steps:TCO’s low debt is also met with low coverage. This indicates room for improvement as its cash flow covers less than a quarter of its borrowings, which means its operating efficiency could be better. Furthermore, its low liquidity raises concerns over whether current asset management practices are properly implemented for the small-cap. This is only a rough assessment of financial health, and I’m sure TCO has company-specific issues impacting its capital structure decisions. I suggest you continue to research Transatlantic Mining to get a more holistic view of the stock by looking at: To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
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Transatlantic Mining Corp.
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profile |
Transatlantic Mining Corp. is based in Canada. Transatlantic Mining Corp. is listed in Canada. Its market capitalisation is CA$ 8.1 millions as of today (US$ 6.5 millions, € 5.7 millions). Its stock quote reached its lowest recent point on September 01, 2022 at CA$ 0.01, and its highest recent level on February 10, 2023 at CA$ 0.22. Transatlantic Mining Corp. has 134 757 693 shares outstanding. |