Erato Energy Balance Sheet Health
Financial Health criteria checks 4/6
Erato Energy has a total shareholder equity of PLN3.1M and total debt of PLN6.4M, which brings its debt-to-equity ratio to 204.9%. Its total assets and total liabilities are PLN12.2M and PLN9.1M respectively.
Key information
204.9%
Debt to equity ratio
zł6.42m
Debt
| Interest coverage ratio | n/a |
| Cash | zł1.71m |
| Equity | zł3.13m |
| Total liabilities | zł9.11m |
| Total assets | zł12.24m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ERA's short term assets (PLN7.0M) exceed its short term liabilities (PLN6.8M).
Long Term Liabilities: ERA's short term assets (PLN7.0M) exceed its long term liabilities (PLN2.3M).
Debt to Equity History and Analysis
Debt Level: ERA's net debt to equity ratio (150.4%) is considered high.
Reducing Debt: ERA's debt to equity ratio has increased from 74.8% to 204.9% 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 ERA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ERA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.1% per year.