Pressure Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Pressure Technologies has a total shareholder equity of £12.4M and total debt of £1.5M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are £25.3M and £12.9M respectively. Pressure Technologies's EBIT is £358.0K making its interest coverage ratio 0.8. It has cash and short-term investments of £594.0K.
Key information
12.1%
Debt to equity ratio
UK£1.50m
Debt
| Interest coverage ratio | 0.8x |
| Cash | UK£594.00k |
| Equity | UK£12.38m |
| Total liabilities | UK£12.93m |
| Total assets | UK£25.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRS's short term assets (£14.1M) exceed its short term liabilities (£9.2M).
Long Term Liabilities: PRS's short term assets (£14.1M) exceed its long term liabilities (£3.7M).
Debt to Equity History and Analysis
Debt Level: PRS's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: PRS's debt to equity ratio has reduced from 39% to 12.1% 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 PRS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PRS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.1% per year.