Paranovus Entertainment Technology Balance Sheet Health
Financial Health criteria checks 4/6
Paranovus Entertainment Technology has a total shareholder equity of $10.7M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $11.2M and $493.1K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.04m |
| Equity | US$10.68m |
| Total liabilities | US$493.08k |
| Total assets | US$11.17m |
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 05Happiness Biotech inks EV distribution agreement with Geely's subsidiary
Jun 10A 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
Happiness Biotech stock surge as its e-commerce business grew over 70% M/M in December
Jan 11Happiness Biotech rallies on subsidiary receiving policy granting 80% tax rebates from local government
Dec 16Would 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 ($2.0M) exceed its short term liabilities ($493.1K).
Long Term Liabilities: PAVS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PAVS is debt free.
Reducing Debt: PAVS has no debt compared to 5 years ago when its debt to equity ratio was 2.7%.
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: PAVS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PAVS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 62.7% each year