POSaBIT Systems Balance Sheet Health
Financial Health criteria checks 4/6
POSaBIT Systems has a total shareholder equity of $7.0M and total debt of $3.3M, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are $20.4M and $13.3M respectively. POSaBIT Systems's EBIT is $5.5M making its interest coverage ratio 20.9. It has cash and short-term investments of $3.2M.
Key information
46.8%
Debt to equity ratio
US$3.29m
Debt
Interest coverage ratio | 20.9x |
Cash | US$3.20m |
Equity | US$7.04m |
Total liabilities | US$13.34m |
Total assets | US$20.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POSA.F's short term assets ($9.6M) do not cover its short term liabilities ($10.4M).
Long Term Liabilities: POSA.F's short term assets ($9.6M) exceed its long term liabilities ($2.9M).
Debt to Equity History and Analysis
Debt Level: POSA.F's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: POSA.F's debt to equity ratio has increased from 13.8% to 46.8% 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: POSA.F has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: POSA.F is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.