Petrotx - Limited Partnership Balance Sheet Health
Financial Health criteria checks 3/6
Petrotx - Limited Partnership has a total shareholder equity of $8.1M and total debt of $5.7M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are $22.2M and $14.1M respectively.
Key information
70.4%
Debt to equity ratio
US$5.68m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.00m |
| Equity | US$8.07m |
| Total liabilities | US$14.09m |
| Total assets | US$22.16m |
Recent financial health updates
Is Petrotx - Limited Partnership (TLV:PTX) Using Too Much Debt?
Oct 24
Is Petrotx - Limited Partnership (TLV:PTX) A Risky Investment?
Mar 14Is Petrotx - Limited Partnership (TLV:PTX) Using Debt Sensibly?
Apr 06Health Check: How Prudently Does Petrotx - Limited Partnership (TLV:PTX) Use Debt?
Dec 22Recent updates
Market Still Lacking Some Conviction On Petrotx - Limited Partnership (TLV:PTX)
Mar 22Under The Bonnet, Petrotx - Limited Partnership's (TLV:PTX) Returns Look Impressive
Apr 05Why We Like The Returns At Petrotx - Limited Partnership (TLV:PTX)
Dec 21Is Petrotx - Limited Partnership (TLV:PTX) Using Too Much Debt?
Oct 24Investors Will Want Petrotx - Limited Partnership's (TLV:PTX) Growth In ROCE To Persist
Jun 02Is Petrotx - Limited Partnership (TLV:PTX) A Risky Investment?
Mar 14Petrotx - Limited Partnership (TLV:PTX) Is Doing The Right Things To Multiply Its Share Price
Jan 20Why Petrotx - Limited Partnership's (TLV:PTX) Earnings Are Better Than They Seem
Sep 02Is Petrotx - Limited Partnership (TLV:PTX) Using Debt Sensibly?
Apr 06Health Check: How Prudently Does Petrotx - Limited Partnership (TLV:PTX) Use Debt?
Dec 22Financial Position Analysis
Short Term Liabilities: PTX's short term assets ($3.4M) do not cover its short term liabilities ($6.3M).
Long Term Liabilities: PTX's short term assets ($3.4M) do not cover its long term liabilities ($7.8M).
Debt to Equity History and Analysis
Debt Level: PTX's net debt to equity ratio (45.6%) is considered high.
Reducing Debt: PTX's debt to equity ratio has reduced from 112.5% to 70.4% 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: PTX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PTX has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 17.2% each year.