Prodware Balance Sheet Health
Financial Health criteria checks 2/6
Prodware has a total shareholder equity of €76.9M and total debt of €272.0M, which brings its debt-to-equity ratio to 353.6%. Its total assets and total liabilities are €589.8M and €512.8M respectively. Prodware's EBIT is €48.2M making its interest coverage ratio 3. It has cash and short-term investments of €93.6M.
Key information
353.6%
Debt to equity ratio
€272.02m
Debt
Interest coverage ratio | 3x |
Cash | €93.59m |
Equity | €76.94m |
Total liabilities | €512.85m |
Total assets | €589.79m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9S6's short term assets (€243.4M) do not cover its short term liabilities (€265.3M).
Long Term Liabilities: 9S6's short term assets (€243.4M) do not cover its long term liabilities (€247.6M).
Debt to Equity History and Analysis
Debt Level: 9S6's net debt to equity ratio (231.9%) is considered high.
Reducing Debt: 9S6's debt to equity ratio has increased from 79.7% to 353.6% 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 9S6 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 9S6 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.6% per year.