POSaBIT Systems Balance Sheet Health
Financial Health criteria checks 3/6
POSaBIT Systems has a total shareholder equity of $1.7M and total debt of $4.5M, which brings its debt-to-equity ratio to 258.8%. Its total assets and total liabilities are $10.6M and $8.9M respectively.
Key information
258.8%
Debt to equity ratio
US$4.50m
Debt
| Interest coverage ratio | n/a |
| Cash | US$919.45k |
| Equity | US$1.74m |
| Total liabilities | US$8.91m |
| Total assets | US$10.64m |
Recent financial health updates
No updates
Recent updates
Lacklustre Performance Is Driving POSaBIT Systems Corporation's (CSE:PBIT) 26% Price Drop
Dec 14
It's Down 28% But POSaBIT Systems Corporation (CSE:PBIT) Could Be Riskier Than It Looks
Oct 16Slammed 44% POSaBIT Systems Corporation (CSE:PBIT) Screens Well Here But There Might Be A Catch
Aug 09Positive Sentiment Still Eludes POSaBIT Systems Corporation (CSE:PBIT) Following 32% Share Price Slump
May 04It's Down 31% But POSaBIT Systems Corporation (CSE:PBIT) Could Be Riskier Than It Looks
Mar 06POSaBIT Systems Corporation (CSE:PBIT) Could Be Riskier Than It Looks
Dec 18A Piece Of The Puzzle Missing From POSaBIT Systems Corporation's (CSE:PBIT) Share Price
Apr 18Financial Position Analysis
Short Term Liabilities: PBIT's short term assets ($6.2M) exceed its short term liabilities ($4.4M).
Long Term Liabilities: PBIT's short term assets ($6.2M) exceed its long term liabilities ($4.5M).
Debt to Equity History and Analysis
Debt Level: PBIT's net debt to equity ratio (205.9%) is considered high.
Reducing Debt: PBIT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: PBIT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PBIT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32.9% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 08:16 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
POSaBIT Systems Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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