Plascred Circular Innovations Balance Sheet Health
Financial Health criteria checks 6/6
Plascred Circular Innovations has a total shareholder equity of CA$8.7M and total debt of CA$1.3K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CA$11.3M and CA$2.6M respectively. Plascred Circular Innovations's EBIT is CA$73.9K making its interest coverage ratio -1.2. It has cash and short-term investments of CA$1.0M.
Key information
0.01%
Debt to equity ratio
CA$1.29k
Debt
| Interest coverage ratio | -1.2x |
| Cash | CA$1.04m |
| Equity | CA$8.71m |
| Total liabilities | CA$2.63m |
| Total assets | CA$11.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 304's short term assets (CA$11.3M) exceed its short term liabilities (CA$2.6M).
Long Term Liabilities: 304 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 304 has more cash than its total debt.
Reducing Debt: 304 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: 304 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 304 has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 1.3% each year.