Pharos Energy Balance Sheet Health
Financial Health criteria checks 5/6
Pharos Energy has a total shareholder equity of $283.6M and total debt of $13.8M, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are $440.7M and $157.1M respectively. Pharos Energy's EBIT is $2.2M making its interest coverage ratio 0.7. It has cash and short-term investments of $30.7M.
Key information
4.9%
Debt to equity ratio
US$13.80m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$30.70m |
| Equity | US$283.60m |
| Total liabilities | US$157.10m |
| Total assets | US$440.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCS1's short term assets ($98.6M) exceed its short term liabilities ($34.7M).
Long Term Liabilities: OCS1's short term assets ($98.6M) do not cover its long term liabilities ($122.4M).
Debt to Equity History and Analysis
Debt Level: OCS1 has more cash than its total debt.
Reducing Debt: OCS1's debt to equity ratio has reduced from 18.5% to 4.9% 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 6.7% per year.