Prosafe Balance Sheet Health
Financial Health criteria checks 3/6
Prosafe has a total shareholder equity of $4.0M and total debt of $417.4M, which brings its debt-to-equity ratio to 10435%. Its total assets and total liabilities are $465.4M and $461.4M respectively.
Key information
10,435.0%
Debt to equity ratio
US$417.40m
Debt
| Interest coverage ratio | n/a |
| Cash | US$63.50m |
| Equity | US$4.00m |
| Total liabilities | US$461.40m |
| Total assets | US$465.40m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1Q6's short term assets ($95.1M) exceed its short term liabilities ($46.6M).
Long Term Liabilities: 1Q6's short term assets ($95.1M) do not cover its long term liabilities ($414.8M).
Debt to Equity History and Analysis
Debt Level: 1Q6's net debt to equity ratio (8847.5%) is considered high.
Reducing Debt: 1Q6's debt to equity ratio has increased from 10066.9% to 10435% 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: Whilst unprofitable 1Q6 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1Q6 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.8% per year.