Pressure Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Pressure Technologies has a total shareholder equity of £13.6M and total debt of £907.0K, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are £26.9M and £13.4M respectively. Pressure Technologies's EBIT is £545.0K making its interest coverage ratio 1.3. It has cash and short-term investments of £945.0K.
Key information
6.7%
Debt to equity ratio
UK£907.00k
Debt
Interest coverage ratio | 1.3x |
Cash | UK£945.00k |
Equity | UK£13.59m |
Total liabilities | UK£13.36m |
Total assets | UK£26.94m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRS's short term assets (£16.0M) exceed its short term liabilities (£10.9M).
Long Term Liabilities: PRS's short term assets (£16.0M) exceed its long term liabilities (£2.4M).
Debt to Equity History and Analysis
Debt Level: PRS has more cash than its total debt.
Reducing Debt: PRS's debt to equity ratio has reduced from 35.4% to 6.7% 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: PRS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PRS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.