Tactical Resources Corp. (TREO) Balance Sheet

NASDAQ: TREOAssets, liabilities, debt and equity over 4 years.

TREO balance sheet, FY2025

July 31, 2025 · Canadian dollars

C$436,162 assets = C$7.6M liabilities + −C$7.2M equity

What it ownsC$436,162Cash & ST investments: C$64,306 (14.7%)Other current: C$161,856 (37.1%)Other non-current: C$210,000 (48.1%)=How it is financedC$7.6MCurrent liabilities: C$7.2M (93.9%)Current liabilitiesC$7.2M · 94%Long-term debt: C$464,434 (6.1%)Long-term debt C$464,434

Liabilities exceed assets: shareholders’ equity is negative (−C$7.2M).

Both columns are drawn to the same scale: what TREO owns equals what it owes plus shareholders’ equity. Hover a block for its value.

TREO financial health

Current ratio0.03
Tight · current assets cover current liabilities 0.03×
Equity / assets−1,653.5%
Thin equity · of assets funded by shareholders
Cash / debt13.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

TREO balance sheet trends, FY2022–FY2025

MetricTrendThenLatestChange
Total assetsC$3.3MFY2022C$436,162FY2025−49.0%/yr
Total liabilitiesC$297,142FY2022C$7.6MFY2025+195.3%/yr
Shareholders’ equityC$3.0MFY2022−C$7.2MFY2025—
Cash & short-term investmentsC$2.3MFY2022C$64,306FY2025−69.7%/yr
Total debtC$172,394FY2024C$464,434FY2025+169.4%/yr
Net cash (debt)−C$127,279FY2024−C$400,128FY2025−C$272,849
Working capitalC$2.5MFY2022−C$7.0MFY2025−C$9.5M
Current ratio9.43FY20220.03FY2025−9.40
Shares outstanding5.6MFY20227.1MFY2025+8.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

TREO assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

TREO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

TREO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

TREO balance sheet in Canadian dollars

FY2025FY2024FY2023FY2022
Assets
Cash & short-term investmentsC$64,306C$45,115C$1.1MC$2.3M
Cash & equivalentsC$64,306C$45,115C$1.1MC$2.3M
ReceivablesC$0C$0C$0C$0
InventoryC$0C$0C$0C$0
Other current assetsC$161,856C$111,933C$145,521C$487,091
Total current assetsC$226,162C$157,048C$1.3MC$2.8M
Property, plant & equipment (net)C$0C$487C$3,139C$270,922
Goodwill & intangible assetsC$0C$0C$0C$0
Long-term investmentsC$0C$0C$0C$0
Other non-current assetsC$210,000C$210,000C$210,000C$210,000
Total assetsC$436,162C$367,535C$1.5MC$3.3M
Liabilities
Accounts payable——C$93,842C$207,920
Total current liabilitiesC$7.2MC$2.1MC$122,868C$297,142
Long-term debtC$464,434C$172,394C$0C$0
Other long-term liabilitiesC$0C$395,416C$330,640C$0
Total liabilitiesC$7.6MC$2.6MC$453,508C$297,142
Shareholders' equity
Retained earnings (deficit)−C$17.9M−C$11.3M−C$7.7M−C$5.1M
Total shareholders' equity−C$7.2M−C$2.3MC$1.0MC$3.0M
Key figures
Total debtC$464,434C$172,394——
Net cash (debt)−C$400,128−C$127,279——
Working capital−C$7.0M−C$1.9MC$1.1MC$2.5M
Tangible book value−C$7.2M−C$2.3MC$1.0MC$3.0M
Shares outstanding7.1M7.1M7.1M5.6M
Current ratio0.030.0810.349.43
Quick ratio0.010.029.167.79
Equity / assets−1,653.5%−614.5%69.4%90.9%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed —); data from EODHD.

TREO financial position

At the end of fiscal 2025 (July 31, 2025), Tactical Resources Corp. had total assets of C$0.4 million (up 18.7% from a year earlier), total liabilities of C$7.6 million and shareholders' equity of -C$7.2 million. It held C$0.1 million in cash and short-term investments against C$0.5 million of debt, net debt of C$0.4 million. Its current ratio was 0.03. In the latest quarter (ended April 30, 2026) total assets were C$1.1 million and equity -C$8.2 million.

Related: TREO income statement, TREO cash flow statement, TREO key metrics. See the TREO stock overview for the latest quote and news.

TREO balance sheet FAQ

What are Tactical Resources Corp.'s total assets?

Tactical Resources Corp. reported total assets of C$0.4 million at the end of fiscal 2025 (July 31, 2025), compared with C$0.4 million a year earlier.

How much debt does Tactical Resources Corp. have?

Tactical Resources Corp. had C$0.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.

How much cash does Tactical Resources Corp. have?

Tactical Resources Corp. held C$0.1 million in cash and short-term investments at the end of fiscal 2025; with C$0.5 million of debt that is net debt of C$0.4 million.

What is Tactical Resources Corp.'s book value?

Tactical Resources Corp.'s shareholders' equity (book value) was -C$7.2 million at the end of fiscal 2025.

What is Tactical Resources Corp.'s current ratio?

Tactical Resources Corp. had current assets of C$0.2 million and current liabilities of C$7.2 million, a current ratio of 0.03 (current liabilities exceed current assets).

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