Phoslock Environmental Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Phoslock Environmental Technologies has a total shareholder equity of A$9.5M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$13.8M and A$4.2M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$10.31m |
| Equity | AU$9.54m |
| Total liabilities | AU$4.24m |
| Total assets | AU$13.78m |
Financial Position Analysis
Short Term Liabilities: PET's short term assets (A$13.8M) exceed its short term liabilities (A$4.2M).
Long Term Liabilities: PET has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PET is debt free.
Reducing Debt: PET has no debt compared to 5 years ago when its debt to equity ratio was 2.2%.
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: PET has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PET has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 7.1% each year.