Pharos Energy Balance Sheet Health
Financial Health criteria checks 5/6
Pharos Energy has a total shareholder equity of $273.5M and total debt of $40.5M, which brings its debt-to-equity ratio to 14.8%. Its total assets and total liabilities are $457.0M and $183.5M respectively.
Key information
14.8%
Debt to equity ratio
US$40.50m
Debt
Interest coverage ratio | n/a |
Cash | US$32.60m |
Equity | US$273.50m |
Total liabilities | US$183.50m |
Total assets | US$457.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCS1's short term assets ($100.4M) exceed its short term liabilities ($49.8M).
Long Term Liabilities: OCS1's short term assets ($100.4M) do not cover its long term liabilities ($133.7M).
Debt to Equity History and Analysis
Debt Level: OCS1's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: OCS1's debt to equity ratio has reduced from 19.1% to 14.8% 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 OCS1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OCS1 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 18% per year.