Plank Ventures Balance Sheet Health
Financial Health criteria checks 2/6
Plank Ventures has a total shareholder equity of CA$4.2M and total debt of CA$6.5M, which brings its debt-to-equity ratio to 153.9%. Its total assets and total liabilities are CA$13.9M and CA$9.6M respectively.
Key information
153.9%
Debt to equity ratio
CA$6.52m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.43m |
| Equity | CA$4.24m |
| Total liabilities | CA$9.63m |
| Total assets | CA$13.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLNK's short term assets (CA$3.7M) do not cover its short term liabilities (CA$9.0M).
Long Term Liabilities: PLNK's short term assets (CA$3.7M) exceed its long term liabilities (CA$655.5K).
Debt to Equity History and Analysis
Debt Level: PLNK's net debt to equity ratio (96.6%) is considered high.
Reducing Debt: PLNK had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: PLNK's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: Insufficient data to determine if PLNK's interest payments on its debt are well covered by EBIT.