Paranovus Entertainment Technology Balance Sheet Health
Financial Health criteria checks 3/6
Paranovus Entertainment Technology has a total shareholder equity of $5.2M and total debt of $2.3M, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are $7.7M and $2.6M respectively.
Key information
44.3%
Debt to equity ratio
US$2.29m
Debt
| Interest coverage ratio | n/a |
| Cash | US$944.24k |
| Equity | US$5.17m |
| Total liabilities | US$2.56m |
| Total assets | US$7.73m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2UO's short term assets ($2.9M) exceed its short term liabilities ($2.6M).
Long Term Liabilities: 2UO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 2UO's net debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: 2UO's debt to equity ratio has increased from 1.7% to 44.3% 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: 2UO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2UO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 53.1% each year