Prominence Energy Balance Sheet Health
Financial Health criteria checks 6/6
Prominence Energy has a total shareholder equity of A$1.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$1.9M and A$601.8K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$744.84k |
| Equity | AU$1.27m |
| Total liabilities | AU$601.84k |
| Total assets | AU$1.87m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PRM's short term assets (A$748.3K) exceed its short term liabilities (A$601.8K).
Long Term Liabilities: PRM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PRM is debt free.
Reducing Debt: PRM currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: PRM has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PRM is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.