Precision Optics Corporation Balance Sheet Health
Financial Health criteria checks 3/6
Precision Optics has a total shareholder equity of $11.3M and total debt of $2.4M, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are $17.7M and $6.4M respectively.
Key information
21.5%
Debt to equity ratio
US$2.43m
Debt
Interest coverage ratio | n/a |
Cash | US$987.04k |
Equity | US$11.32m |
Total liabilities | US$6.38m |
Total assets | US$17.70m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: POCI's short term assets ($7.8M) exceed its short term liabilities ($4.3M).
Long Term Liabilities: POCI's short term assets ($7.8M) exceed its long term liabilities ($2.1M).
Debt to Equity History and Analysis
Debt Level: POCI's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: POCI's debt to equity ratio has increased from 0% to 21.5% 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: POCI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: POCI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 11.7% each year