Primetech Balance Sheet Health
Financial Health criteria checks 5/6
Primetech has a total shareholder equity of PLN7.9M and total debt of PLN3.8M, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are PLN16.8M and PLN8.9M respectively. Primetech's EBIT is PLN2.3M making its interest coverage ratio 4. It has cash and short-term investments of PLN1.0M.
Key information
48.9%
Debt to equity ratio
zł3.85m
Debt
| Interest coverage ratio | 4x |
| Cash | zł1.04m |
| Equity | zł7.88m |
| Total liabilities | zł8.91m |
| Total assets | zł16.79m |
Financial Position Analysis
Short Term Liabilities: PTH's short term assets (PLN15.5M) exceed its short term liabilities (PLN8.9M).
Long Term Liabilities: PTH's short term assets (PLN15.5M) exceed its long term liabilities (PLN16.0K).
Debt to Equity History and Analysis
Debt Level: PTH's net debt to equity ratio (35.7%) is considered satisfactory.
Reducing Debt: PTH had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: PTH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PTH's interest payments on its debt are well covered by EBIT (4x coverage).