Avila Energy Balance Sheet Health
Financial Health criteria checks 1/6
Avila Energy has a total shareholder equity of CA$11.9M and total debt of CA$7.9M, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are CA$34.6M and CA$22.6M respectively.
Key information
66.4%
Debt to equity ratio
CA$7.91m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.01k |
| Equity | CA$11.93m |
| Total liabilities | CA$22.65m |
| Total assets | CA$34.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTRV.F's short term assets (CA$132.0K) do not cover its short term liabilities (CA$6.4M).
Long Term Liabilities: PTRV.F's short term assets (CA$132.0K) do not cover its long term liabilities (CA$16.2M).
Debt to Equity History and Analysis
Debt Level: PTRV.F's net debt to equity ratio (66.3%) is considered high.
Reducing Debt: PTRV.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: PTRV.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PTRV.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 58.5% each year