Porch Group Balance Sheet Health
Financial Health criteria checks 2/6
Porch Group has a total shareholder equity of $-35.7M and total debt of $435.7M, which brings its debt-to-equity ratio to -1221.1%. Its total assets and total liabilities are $899.4M and $935.1M respectively.
Key information
-1,221.1%
Debt to equity ratio
US$435.74m
Debt
| Interest coverage ratio | n/a |
| Cash | US$294.01m |
| Equity | -US$35.68m |
| Total liabilities | US$935.08m |
| Total assets | US$899.39m |
Recent financial health updates
Recent updates
Improved Revenues Required Before Porch Group, Inc. (NASDAQ:PRCH) Stock's 39% Jump Looks Justified
Mar 08
Porch Group: A Complicated Tale
Feb 18Porch Group, Inc.'s (NASDAQ:PRCH) Prospects Need A Boost To Lift Shares
Jan 18At US$0.95, Is Porch Group, Inc. (NASDAQ:PRCH) Worth Looking At Closely?
Nov 09Is There An Opportunity With Porch Group, Inc.'s (NASDAQ:PRCH) 35% Undervaluation?
Sep 13Porch Group, Inc.'s (NASDAQ:PRCH) Prospects Need A Boost To Lift Shares
Aug 10Porch Group’s Floify announces technology partnership with National Association of Mortgage Brokers
Sep 20Porch GAAP EPS of -$0.27, revenue of $70.77M
Aug 09Porch Group: Another SPAC Debacle
Apr 27Porch Group: Expanding Into Mortgage Origination Through Floify Acquisition
Dec 30Financial Position Analysis
Short Term Liabilities: PRCH has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PRCH has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PRCH has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PRCH's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 PRCH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PRCH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.8% per year.