Columbus Energy Balance Sheet Health
Financial Health criteria checks 2/6
Columbus Energy has a total shareholder equity of PLN-55.0M and total debt of PLN548.3M, which brings its debt-to-equity ratio to -997.2%. Its total assets and total liabilities are PLN644.3M and PLN699.3M respectively. Columbus Energy's EBIT is PLN30.9M making its interest coverage ratio 1.2. It has cash and short-term investments of PLN4.8M.
Key information
-997.2%
Debt to equity ratio
zł548.29m
Debt
| Interest coverage ratio | 1.2x |
| Cash | zł4.79m |
| Equity | -zł54.98m |
| Total liabilities | zł699.32m |
| Total assets | zł644.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0Q8 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 0Q8 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 0Q8 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 0Q8's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 0Q8 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0Q8 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 17.7% per year.