Planet Ventures Balance Sheet Health
Financial Health criteria checks 6/6
Planet Ventures has a total shareholder equity of CA$5.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.5M and CA$1.2M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$6.03m |
Equity | CA$5.32m |
Total liabilities | CA$1.21m |
Total assets | CA$6.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PXI's short term assets (CA$6.3M) exceed its short term liabilities (CA$1.0M).
Long Term Liabilities: PXI's short term assets (CA$6.3M) exceed its long term liabilities (CA$191.8K).
Debt to Equity History and Analysis
Debt Level: PXI is debt free.
Reducing Debt: PXI has not had any debt for 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: PXI has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: PXI has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 1.9% each year.