Pallas Air Oyj Balance Sheet Health
Financial Health criteria checks 1/6
Pallas Air Oyj has a total shareholder equity of €6.1M and total debt of €7.7M, which brings its debt-to-equity ratio to 125.8%. Its total assets and total liabilities are €19.1M and €12.9M respectively.
Key information
125.8%
Debt to equity ratio
€7.73m
Debt
Interest coverage ratio | n/a |
Cash | €190.00k |
Equity | €6.15m |
Total liabilities | €12.93m |
Total assets | €19.08m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PALLAS's short term assets (€6.8M) do not cover its short term liabilities (€7.2M).
Long Term Liabilities: PALLAS's short term assets (€6.8M) exceed its long term liabilities (€5.8M).
Debt to Equity History and Analysis
Debt Level: PALLAS's net debt to equity ratio (122.7%) is considered high.
Reducing Debt: Insufficient data to determine if PALLAS's debt to equity ratio has reduced 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: PALLAS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PALLAS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 23.8% each year