Petro-Victory Energy Balance Sheet Health
Financial Health criteria checks 3/6
Petro-Victory Energy has a total shareholder equity of $5.2M and total debt of $6.6M, which brings its debt-to-equity ratio to 127.6%. Its total assets and total liabilities are $16.3M and $11.1M respectively.
Key information
127.6%
Debt to equity ratio
US$6.60m
Debt
Interest coverage ratio | n/a |
Cash | US$641.00k |
Equity | US$5.17m |
Total liabilities | US$11.08m |
Total assets | US$16.25m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VRY's short term assets ($846.0K) do not cover its short term liabilities ($6.7M).
Long Term Liabilities: VRY's short term assets ($846.0K) do not cover its long term liabilities ($4.4M).
Debt to Equity History and Analysis
Debt Level: VRY's net debt to equity ratio (115.2%) is considered high.
Reducing Debt: VRY 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: VRY has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VRY is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.