Paranovus Entertainment Technology Balance Sheet Health
Financial Health criteria checks 5/6
Paranovus Entertainment Technology has a total shareholder equity of $30.0M and total debt of $3.3M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are $33.4M and $3.4M respectively.
Key information
10.97%
Debt to equity ratio
US$3.29m
Debt
| Interest coverage ratio | n/a |
| Cash | US$27.26m |
| Equity | US$29.99m |
| Total liabilities | US$3.45m |
| Total assets | US$33.44m |
Recent financial health updates
Recent updates
Take Care Before Jumping Onto Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) Even Though It's 26% Cheaper
Mar 20
Sentiment Still Eluding Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS)
Dec 20Happiness Development Group announces 1-for-20 reverse stock split
Oct 10Happiness Biotech Group (NASDAQ:HAPP) Could Be Struggling To Allocate Capital
Aug 05A Look At Happiness Biotech Group's (NASDAQ:HAPP) Share Price Returns
Mar 18Here's What To Make Of Happiness Biotech Group's (NASDAQ:HAPP) Returns On Capital
Jan 24
Would Shareholders Who Purchased Happiness Biotech Group's (NASDAQ:HAPP) Stock Year Be Happy With The Share price Today?
Nov 24Financial Position Analysis
Short Term Liabilities: PAVS's short term assets ($28.8M) exceed its short term liabilities ($3.3M).
Long Term Liabilities: PAVS's short term assets ($28.8M) exceed its long term liabilities ($158.3K).
Debt to Equity History and Analysis
Debt Level: PAVS has more cash than its total debt.
Reducing Debt: PAVS's debt to equity ratio has increased from 3.1% to 11% 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: Whilst unprofitable PAVS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PAVS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 44.5% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/27 13:06 |
| End of Day Share Price | 2025/05/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Paranovus Entertainment Technology Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Han Jang | Aegis Capital Corporation |
| Han Jang | Univest Securities LLC |