Photon Energy Balance Sheet Health
Financial Health criteria checks 3/6
Photon Energy has a total shareholder equity of €63.3M and total debt of €177.7M, which brings its debt-to-equity ratio to 280.7%. Its total assets and total liabilities are €279.1M and €215.8M respectively.
Key information
280.7%
Debt to equity ratio
€177.66m
Debt
| Interest coverage ratio | n/a |
| Cash | €8.62m |
| Equity | €63.28m |
| Total liabilities | €215.82m |
| Total assets | €279.10m |
Recent financial health updates
Does Photon Energy (WSE:PEN) Have A Healthy Balance Sheet?
Sep 10
Does Photon Energy (WSE:PEN) Have A Healthy Balance Sheet?
Feb 15Photon Energy (WSE:PEN) Is Carrying A Fair Bit Of Debt
May 12Is Photon Energy (WSE:PEN) A Risky Investment?
Jan 27
Recent updates
Shareholders Will Probably Hold Off On Increasing Photon Energy N.V.'s (WSE:PEN) CEO Compensation For The Time Being
Jun 08Is Now The Time To Look At Buying Photon Energy N.V. (WSE:PEN)?
May 31Photon Energy's (WSE:PEN) Solid Profits Have Weak Fundamentals
Nov 18Photon Energy (WSE:PEN) Has More To Do To Multiply In Value Going Forward
Oct 07Does Photon Energy (WSE:PEN) Have A Healthy Balance Sheet?
Sep 10Photon Energy (WSE:PEN) Could Be Struggling To Allocate Capital
Jun 01Does Photon Energy (WSE:PEN) Have A Healthy Balance Sheet?
Feb 15Photon Energy (WSE:PEN) Is Carrying A Fair Bit Of Debt
May 12Is Photon Energy (WSE:PEN) A Risky Investment?
Jan 27Will The ROCE Trend At Photon Energy (WSE:PEN) Continue?
Dec 05Financial Position Analysis
Short Term Liabilities: PEN's short term assets (€54.1M) exceed its short term liabilities (€34.2M).
Long Term Liabilities: PEN's short term assets (€54.1M) do not cover its long term liabilities (€181.6M).
Debt to Equity History and Analysis
Debt Level: PEN's net debt to equity ratio (267.1%) is considered high.
Reducing Debt: PEN's debt to equity ratio has increased from 224.6% to 280.7% 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 PEN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PEN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20% per year.