Petroteq Energy Balance Sheet Health
Financial Health criteria checks 5/6
Petroteq Energy has a total shareholder equity of $70.6M and total debt of $1.4M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are $81.2M and $10.5M respectively.
Key information
1.9%
Debt to equity ratio
US$1.37m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.28m |
| Equity | US$70.61m |
| Total liabilities | US$10.54m |
| Total assets | US$81.15m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0TB2's short term assets ($4.4M) do not cover its short term liabilities ($7.2M).
Long Term Liabilities: 0TB2's short term assets ($4.4M) exceed its long term liabilities ($3.3M).
Debt to Equity History and Analysis
Debt Level: 0TB2's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: 0TB2's debt to equity ratio has reduced from 26.1% to 1.9% 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: 0TB2 has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 0TB2 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.