Petro-Victory Energy Balance Sheet Health
Financial Health criteria checks 3/6
Petro-Victory Energy has a total shareholder equity of $697.0K and total debt of $6.9M, which brings its debt-to-equity ratio to 993.5%. Its total assets and total liabilities are $13.2M and $12.5M respectively.
Key information
993.5%
Debt to equity ratio
US$6.93m
Debt
| Interest coverage ratio | n/a |
| Cash | US$107.00k |
| Equity | US$697.00k |
| Total liabilities | US$12.52m |
| Total assets | US$13.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTVR.F's short term assets ($619.0K) do not cover its short term liabilities ($7.2M).
Long Term Liabilities: PTVR.F's short term assets ($619.0K) do not cover its long term liabilities ($5.3M).
Debt to Equity History and Analysis
Debt Level: PTVR.F's net debt to equity ratio (978.2%) is considered high.
Reducing Debt: PTVR.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: PTVR.F has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PTVR.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.