Pennpetro Energy Balance Sheet Health
Financial Health criteria checks 1/6
Pennpetro Energy has a total shareholder equity of $1.2M and total debt of $4.0M, which brings its debt-to-equity ratio to 341.2%. Its total assets and total liabilities are $6.2M and $5.0M respectively.
Key information
341.2%
Debt to equity ratio
US$4.02m
Debt
Interest coverage ratio | n/a |
Cash | US$46.79k |
Equity | US$1.18m |
Total liabilities | US$4.99m |
Total assets | US$6.16m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PPP's short term assets ($444.3K) do not cover its short term liabilities ($967.0K).
Long Term Liabilities: PPP's short term assets ($444.3K) do not cover its long term liabilities ($4.0M).
Debt to Equity History and Analysis
Debt Level: PPP's net debt to equity ratio (337.2%) is considered high.
Reducing Debt: PPP's debt to equity ratio has reduced from 2342.8% to 341.2% 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: Insufficient data to determine if PPP has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PPP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.