Prime Bit Games Balance Sheet Health
Financial Health criteria checks 1/6
Prime Bit Games has a total shareholder equity of PLN608.3K and total debt of PLN1.7M, which brings its debt-to-equity ratio to 284.3%. Its total assets and total liabilities are PLN3.6M and PLN3.0M respectively. Prime Bit Games's EBIT is PLN240.4K making its interest coverage ratio 17. It has cash and short-term investments of PLN33.2K.
Key information
284.3%
Debt to equity ratio
zł1.73m
Debt
| Interest coverage ratio | 17x |
| Cash | zł33.16k |
| Equity | zł608.29k |
| Total liabilities | zł2.95m |
| Total assets | zł3.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1WU's short term assets (PLN1.5M) do not cover its short term liabilities (PLN1.5M).
Long Term Liabilities: 1WU's short term assets (PLN1.5M) do not cover its long term liabilities (PLN1.5M).
Debt to Equity History and Analysis
Debt Level: 1WU's net debt to equity ratio (278.8%) is considered high.
Reducing Debt: 1WU's debt to equity ratio has increased from 0% to 284.3% over the past 5 years.
Debt Coverage: 1WU's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1WU's interest payments on its debt are well covered by EBIT (17x coverage).