Paratus Energy Services Balance Sheet Health
Financial Health criteria checks 3/6
Paratus Energy Services has a total shareholder equity of $215.0M and total debt of $655.0M, which brings its debt-to-equity ratio to 304.7%. Its total assets and total liabilities are $1.0B and $788.0M respectively. Paratus Energy Services's EBIT is $47.0M making its interest coverage ratio 0.6. It has cash and short-term investments of $92.0M.
Key information
304.7%
Debt to equity ratio
US$655.00m
Debt
Interest coverage ratio | 0.6x |
Cash | US$92.00m |
Equity | US$215.00m |
Total liabilities | US$788.00m |
Total assets | US$1.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLSV's short term assets ($352.0M) exceed its short term liabilities ($48.0M).
Long Term Liabilities: PLSV's short term assets ($352.0M) do not cover its long term liabilities ($740.0M).
Debt to Equity History and Analysis
Debt Level: PLSV's net debt to equity ratio (261.9%) is considered high.
Reducing Debt: Insufficient data to determine if PLSV'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: Whilst unprofitable PLSV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PLSV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 48.6% per year.