Petrel Resources Financial Health
How is Petrel Resources's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: PET's short term assets (€42.0K) do not cover its short term liabilities (€847.0K).
Long Term Liabilities: PET has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PET is debt free.
Reducing Debt: PET has not had any debt for past 5 years.
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: PET has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PET has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.3% each year.