Pineapple Energy Balance Sheet Health
Financial Health criteria checks 0/6
Pineapple Energy has a total shareholder equity of $5.5M and total debt of $15.0M, which brings its debt-to-equity ratio to 271.2%. Its total assets and total liabilities are $52.9M and $47.3M respectively.
Key information
271.2%
Debt to equity ratio
US$15.04m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.05m |
| Equity | US$5.55m |
| Total liabilities | US$47.31m |
| Total assets | US$52.85m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PEGY's short term assets ($12.2M) do not cover its short term liabilities ($23.8M).
Long Term Liabilities: PEGY's short term assets ($12.2M) do not cover its long term liabilities ($23.5M).
Debt to Equity History and Analysis
Debt Level: PEGY's net debt to equity ratio (252.4%) is considered high.
Reducing Debt: Insufficient data to determine if PEGY'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: PEGY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PEGY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 0.5% each year