PainReform Balance Sheet Health
Financial Health criteria checks 6/6
PainReform has a total shareholder equity of $1.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $5.4M and $3.5M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.32m |
| Equity | US$1.85m |
| Total liabilities | US$3.52m |
| Total assets | US$5.37m |
Financial Position Analysis
Short Term Liabilities: PRFX's short term assets ($5.2M) exceed its short term liabilities ($3.3M).
Long Term Liabilities: PRFX's short term assets ($5.2M) exceed its long term liabilities ($268.0K).
Debt to Equity History and Analysis
Debt Level: PRFX is debt free.
Reducing Debt: PRFX currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: PRFX has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PRFX is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.