Plank Ventures Balance Sheet Health
Financial Health criteria checks 4/6
Plank Ventures has a total shareholder equity of CA$4.3M and total debt of CA$6.7M, which brings its debt-to-equity ratio to 156.8%. Its total assets and total liabilities are CA$14.6M and CA$10.4M respectively.
Key information
156.8%
Debt to equity ratio
CA$6.71m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.63m |
| Equity | CA$4.28m |
| Total liabilities | CA$10.36m |
| Total assets | CA$14.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLNK's short term assets (CA$4.2M) do not cover its short term liabilities (CA$9.7M).
Long Term Liabilities: PLNK's short term assets (CA$4.2M) exceed its long term liabilities (CA$659.4K).
Debt to Equity History and Analysis
Debt Level: PLNK's net debt to equity ratio (95.5%) is considered high.
Reducing Debt: PLNK 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: Whilst unprofitable PLNK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PLNK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.8% per year.