Pallas Air Oyj Balance Sheet Health
Financial Health criteria checks 1/6
Pallas Air Oyj has a total shareholder equity of €3.9M and total debt of €9.2M, which brings its debt-to-equity ratio to 233.5%. Its total assets and total liabilities are €18.0M and €14.0M respectively.
Key information
233.5%
Debt to equity ratio
€9.19m
Debt
| Interest coverage ratio | n/a |
| Cash | €802.00k |
| Equity | €3.94m |
| Total liabilities | €14.02m |
| Total assets | €17.96m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PALLAS's short term assets (€7.0M) do not cover its short term liabilities (€7.5M).
Long Term Liabilities: PALLAS's short term assets (€7.0M) exceed its long term liabilities (€6.5M).
Debt to Equity History and Analysis
Debt Level: PALLAS's net debt to equity ratio (213.1%) 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 10.9% each year