Tearlach Resources Ltd (TEA) — Net Asset Quality Index
Tearlach Resources Ltd (TEA) has a Net Asset Quality Index of 58.8% as of June 2024. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$2.48 Million minus total liabilities of CA$1.02 Million yields net assets of CA$1.46 Million. A higher index indicates a stronger, lower-leverage balance sheet. Also explore Tearlach Resources Ltd asset portfolio for the complete picture of this company's asset base.
Quality Index
Net Assets
Total Assets
Total Liabilities
Tearlach Resources Ltd Net Asset Quality Index Over Time (2017–2023)
This chart shows how Tearlach Resources Ltd's Net Asset Quality Index has evolved across 7 annual periods from 2017 to 2023. As of June 2024, the index stands at 58.8%, representing net assets of CA$1.46 Million against total assets of CA$2.48 Million CAD. See Tearlach Resources Ltd (TEA) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Tearlach Resources Ltd (2017–2023)
The table below presents the year-by-year Net Asset Quality Index for Tearlach Resources Ltd from 2017 to 2023, covering 7 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see TEA company net worth.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2023 | 89.5% | CA$3.89 Million | CA$4.34 Million | CA$455.96K | ▲ +387.8 pp |
| 2022 | -298.3% | CA$-400.60K | CA$134.32K | CA$534.91K | ▼ -179.5 pp |
| 2021 | -118.8% | CA$-247.55K | CA$208.37K | CA$455.92K | ▲ +950.9 pp |
| 2020 | -1069.7% | CA$-213.81K | CA$19.99K | CA$233.80K | ▲ +7758.9 pp |
| 2019 | -8828.6% | CA$-164.04K | CA$1.86K | CA$165.89K | ▲ +121950.6 pp |
| 2018 | -130779.3% | CA$-3.95 Million | CA$3.02K | CA$3.95 Million | ▲ +65205.7 pp |
| 2017 | -195985.0% | CA$-3.63 Million | CA$1.85K | CA$3.63 Million | — |