Pilot Energy Balance Sheet Health
Financial Health criteria checks 4/6
Pilot Energy has a total shareholder equity of A$12.0M and total debt of A$2.8M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are A$16.0M and A$4.0M respectively.
Key information
23.6%
Debt to equity ratio
AU$2.84m
Debt
Interest coverage ratio | n/a |
Cash | AU$1.66m |
Equity | AU$12.04m |
Total liabilities | AU$3.95m |
Total assets | AU$15.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGY's short term assets (A$1.9M) exceed its short term liabilities (A$1.0M).
Long Term Liabilities: PGY's short term assets (A$1.9M) do not cover its long term liabilities (A$2.9M).
Debt to Equity History and Analysis
Debt Level: PGY's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: PGY's debt to equity ratio has increased from 0% to 23.6% over the past 5 years.
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: PGY has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PGY is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.