POSaBIT Systems Balance Sheet Health
Financial Health criteria checks 3/6
POSaBIT Systems has a total shareholder equity of $3.8M and total debt of $4.5M, which brings its debt-to-equity ratio to 116.4%. Its total assets and total liabilities are $11.8M and $8.0M respectively.
Key information
116.4%
Debt to equity ratio
US$4.46m
Debt
| Interest coverage ratio | n/a |
| Cash | US$894.99k |
| Equity | US$3.84m |
| Total liabilities | US$7.99m |
| Total assets | US$11.83m |
Recent financial health updates
No updates
Recent updates
Positive Sentiment Still Eludes POSaBIT Systems Corporation (CSE:PBIT) Following 32% Share Price Slump
May 04
It'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 ($5.2M) exceed its short term liabilities ($3.5M).
Long Term Liabilities: PBIT's short term assets ($5.2M) exceed its long term liabilities ($4.5M).
Debt to Equity History and Analysis
Debt Level: PBIT's net debt to equity ratio (93%) 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 39.1% each year