Promore Pharma Financial Health
How is Promore Pharma's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: PROMO's short term assets (SEK31.3M) exceed its short term liabilities (SEK4.4M).
Long Term Liabilities: PROMO's short term assets (SEK31.3M) exceed its long term liabilities (SEK713.0K).
Debt to Equity History and Analysis
Debt Level: PROMO has more cash than its total debt.
Reducing Debt: PROMO's debt to equity ratio has increased from 0.9% to 2.7% over the past 5 years.
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 PROMO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PROMO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 17.2% per year.