Prosafe Balance Sheet Health
Financial Health criteria checks 3/6
Prosafe has a total shareholder equity of $14.8M and total debt of $418.3M, which brings its debt-to-equity ratio to 2826.4%. Its total assets and total liabilities are $472.0M and $457.2M respectively.
Key information
2,826.4%
Debt to equity ratio
US$418.30m
Debt
| Interest coverage ratio | n/a |
| Cash | US$63.50m |
| Equity | US$14.80m |
| Total liabilities | US$457.20m |
| Total assets | US$472.00m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1Q6's short term assets ($96.5M) exceed its short term liabilities ($42.1M).
Long Term Liabilities: 1Q6's short term assets ($96.5M) do not cover its long term liabilities ($415.1M).
Debt to Equity History and Analysis
Debt Level: 1Q6's net debt to equity ratio (2397.3%) is considered high.
Reducing Debt: 1Q6's debt to equity ratio has increased from 332.9% to 2826.4% over the past 5 years.
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: 1Q6 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 1Q6 has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of 41.3% each year.