TRLEF Trillion Energy International Inc.

Overview and Growth

Trillion Energy International Inc. generated $3.70M of revenue in fiscal 2021, with net loss of $2.05M and an operating cash outflow of $1.88M. Revenue of $3.70M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $2.58M in fiscal 2020, revenue recorded a 43.2% year-over-year increase. At period end, total assets were $7.16M, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.52x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operations produced a $3.10M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 83.7%, showing the shortfall after operating costs. The company ended the period with a net loss of $2.05M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 55.4% after all recognized items. Negative EBITDA totaled $3.07M, confirming that the earnings deficit remained before depreciation and amortization. The loss-to-equity relationship was 276.7%, placing the bottom-line deficit against shareholder capital. The loss-to-assets relationship was 28.6%, placing the bottom-line deficit against the company’s resource base. The net loss narrowed to $2.05M from $3.53M in fiscal 2020.

Liquidity and Capital Structure

At period end, the $7.16M asset base was financed through $6.42M of liabilities and $741.08K of equity. Current assets were $1.83M against $1.49M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.23x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $1.03M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 68.9% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Equity equaled 10.4% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 89.6%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 14.3% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $6.49M in fiscal 2020, the current asset base moved 10.3% and finished higher. Cash and equivalents were 406.6% higher than fiscal 2020 cash of $202.71K, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $1.88M, rather than cash generation from operations. Cash absorbed by operations increased from $1.63M in fiscal 2020 to $1.88M.

Based on the annual report for the fiscal year ending Dec 31, 2021. Analysis generated Sep 24, 2026.