PGS Balance Sheet Health
Financial Health criteria checks 3/6
PGS has a total shareholder equity of $527.7M and total debt of $754.5M, which brings its debt-to-equity ratio to 143%. Its total assets and total liabilities are $1.8B and $1.3B respectively. PGS's EBIT is $162.3M making its interest coverage ratio 1.6. It has cash and short-term investments of $177.7M.
Key information
143.0%
Debt to equity ratio
US$754.50m
Debt
Interest coverage ratio | 1.6x |
Cash | US$177.70m |
Equity | US$527.70m |
Total liabilities | US$1.30b |
Total assets | US$1.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGS1's short term assets ($587.8M) do not cover its short term liabilities ($632.0M).
Long Term Liabilities: PGS1's short term assets ($587.8M) do not cover its long term liabilities ($672.2M).
Debt to Equity History and Analysis
Debt Level: PGS1's net debt to equity ratio (109.3%) is considered high.
Reducing Debt: PGS1's debt to equity ratio has reduced from 168.5% to 143% 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 PGS1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PGS1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.8% per year.