Procyon Balance Sheet Health
Financial Health criteria checks 6/6
Procyon has a total shareholder equity of $2.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $3.2M and $917.1K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$908.82k |
| Equity | US$2.29m |
| Total liabilities | US$917.12k |
| Total assets | US$3.20m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCYN's short term assets ($2.4M) exceed its short term liabilities ($769.2K).
Long Term Liabilities: PCYN's short term assets ($2.4M) exceed its long term liabilities ($147.9K).
Debt to Equity History and Analysis
Debt Level: PCYN is debt free.
Reducing Debt: PCYN had no debt 5 years ago.
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: PCYN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: PCYN has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 28.5% each year.