Pacific Green Technologies Inc Financials

PGTK

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE March

This page shows Pacific Green Technologies Inc (PGTK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Pacific Green Technologies Inc has an operating margin of 111.9%, meaning the company retains $112 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from -139.1% the prior year.

Growth

100

Pacific Green Technologies Inc's revenue surged 90.4% year-over-year to $14.5M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Pacific Green Technologies Inc has elevated debt relative to equity (D/E of 4.28), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Pacific Green Technologies Inc's current ratio of 0.61 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 4/100, which could limit financial flexibility.

Cash Flow

While Pacific Green Technologies Inc generated -$18.3M in operating cash flow, capex of $20K consumed most of it, leaving -$18.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Pacific Green Technologies Inc's ROE of 8.7% shows moderate profitability relative to equity, earning a score of 35/100.

Altman Z-Score Distress

-1.85

Pacific Green Technologies Inc scores -1.85, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($31.4M) relative to total liabilities ($22.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

6/9

Pacific Green Technologies Inc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

-39.96x

For every $1 of reported earnings, Pacific Green Technologies Inc generates $-39.96 in operating cash flow (-$18.3M OCF vs $459K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage Safe

166.2x

Pacific Green Technologies Inc earns $166.2 in operating income for every $1 of interest expense ($16.3M vs $98K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue

$14.5M

YoY+90.4%

5Y CAGR+47.6%

Pacific Green Technologies Inc generated $14.5M in revenue in fiscal year 2024. This represents an increase of 90.4% from the prior year.

EBITDA

$16.4M

YoY+257.5%

Pacific Green Technologies Inc's EBITDA was $16.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 257.5% from the prior year.

Free Cash Flow

-$18.4M

YoY-329.6%

Pacific Green Technologies Inc generated -$18.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 329.6% from the prior year.

Net Income

$459K

YoY+104.1%

Pacific Green Technologies Inc reported $459K in net income in fiscal year 2024. This represents an increase of 104.1% from the prior year.

EPS (Diluted)

$0.01

YoY+104.2%

Pacific Green Technologies Inc earned $0.01 per diluted share (EPS) in fiscal year 2024. This represents an increase of 104.2% from the prior year.

Cash & Debt

$4.2M

YoY+263.9%

5Y CAGR+8.1%

10Y CAGR+35.3%

Pacific Green Technologies Inc held $4.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

52M

YoY+11.3%

5Y CAGR+3.5%

10Y CAGR+12.4%

Pacific Green Technologies Inc had 52M shares outstanding in fiscal year 2024. This represents an increase of 11.3% from the prior year.

Gross Margin

59.8%

YoY+36.1pp

5Y CAGR+53.0pp

Pacific Green Technologies Inc's gross margin was 59.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 36.1 percentage points from the prior year.

Operating Margin

111.9%

YoY+251.1pp

5Y CAGR+926.7pp

Pacific Green Technologies Inc's operating margin was 111.9% in fiscal year 2024, reflecting core business profitability. This is up 251.1 percentage points from the prior year.

Net Margin

3.2%

YoY+151.3pp

5Y CAGR+867.7pp

Pacific Green Technologies Inc's net profit margin was 3.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 151.3 percentage points from the prior year.

Return on Equity

8.7%

Pacific Green Technologies Inc's ROE was 8.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

$162K

YoY+1057.1%

Pacific Green Technologies Inc invested $162K in research and development in fiscal year 2024. This represents an increase of 1057.1% from the prior year.

Share Buybacks

$5.7M

Pacific Green Technologies Inc spent $5.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$20K

YoY+1900.0%

5Y CAGR-4.4%

10Y CAGR-13.3%

Pacific Green Technologies Inc invested $20K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1900.0% from the prior year.

PGTK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$14.5M+90.4%	$7.6M-50.5%	$15.4M-70.7%	$52.6M-59.6%	$130.1M+6171.9%	$2.1M
Cost of Revenue	$5.9M+0.4%	$5.8M+28.0%	$4.6M-89.1%	$42.0M-46.5%	$78.6M+3960.0%	$1.9M
Gross Profit	$8.7M+381.0%	$1.8M-83.4%	$10.9M+2.4%	$10.6M-79.4%	$51.6M+36790.1%	$140K
R&D Expenses	$162K+1057.1%	$14K	N/A	$63K-35.8%	$98K	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$16.3M+253.2%	-$10.6M+5.3%	-$11.2M-96.0%	-$5.7M-157.0%	$10.0M+159.4%	-$16.9M
Interest Expense	$98K+109.8%	-$999K-5218.8%	$20K-51.5%	$40K+570.9%	$6K+795.5%	$670
Income Tax	$1.2M+147.1%	-$2.5M-9.7%	-$2.3M-1010.4%	$248K-88.6%	$2.2M	N/A
Net Income	$459K+104.1%	-$11.3M-5.3%	-$10.8M-493.9%	-$1.8M-117.4%	$10.4M+157.9%	-$17.9M
EPS (Diluted)	$0.01+104.2%	$-0.24-4.3%	$-0.23-475.0%	$-0.04-120.0%	$0.20+148.8%	$-0.41

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22
Revenue	$1.5M-18.1%	$1.9M+3.0%	$1.8M-82.4%	$10.3M+780.4%	$1.2M-2.0%	$1.2M-67.3%	$3.6M+204.5%	$1.2M
Cost of Revenue	$1.4M-26.2%	$2.0M+27.9%	$1.5M-22.1%	$2.0M+23.2%	$1.6M+31.4%	$1.2M-59.6%	$3.0M+186.1%	$1.1M
Gross Profit	$72K+168.6%	-$105K-139.0%	$269K-96.8%	$8.3M+2004.8%	-$435K-1400.0%	-$29K-104.7%	$622K+342.5%	$141K
R&D Expenses	$53K+253.3%	$15K-64.3%	$42K-62.2%	$111K-0.9%	$112K+250.0%	$32K	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$3.0M+17.0%	-$3.6M-2.9%	-$3.5M-115.6%	$22.1M+1173.9%	-$2.1M-147.7%	$4.3M+310.9%	-$2.0M+12.0%	-$2.3M
Interest Expense	$1.4M+112.9%	$643K	N/A	$3.9M+450.2%	$713K+154.5%	-$1.3M-494.2%	-$220K-459.7%	-$39K
Income Tax	-$442K-73.3%	-$255K-104.0%	-$125K+91.3%	-$1.4M	N/A	$351K	N/A	N/A
Net Income	-$3.8M+2.5%	-$3.9M-12.0%	-$3.5M-131.2%	$11.3M+511.8%	-$2.7M-189.9%	$3.0M+236.8%	-$2.2M+0.8%	-$2.2M
EPS (Diluted)	$-0.070.0%	$-0.07-16.7%	$-0.06-128.6%	$0.21+450.0%	$-0.06-200.0%	$0.06+220.0%	$-0.050.0%	$-0.05

PGTK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$28.5M-6.9%	$30.6M-20.9%	$38.7M-38.4%	$62.7M-27.2%	$86.2M+193.7%	$29.4M
Current Assets	$12.7M+238.6%	$3.8M-84.9%	$24.9M-37.1%	$39.5M-38.4%	$64.2M+241.5%	$18.8M
Cash & Equivalents	$4.2M+263.9%	$1.2M-81.5%	$6.3M-73.2%	$23.4M+9.6%	$21.4M+647.0%	$2.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1M+26.7%	$887K	N/A	N/A	N/A	$778K
Goodwill	N/A	N/A	N/A	$4.3M+21.8%	$3.5M	N/A
Total Liabilities	$22.5M-28.5%	$31.4M+5.5%	$29.8M-32.7%	$44.2M-37.4%	$70.6M+193.6%	$24.1M
Current Liabilities	$20.9M+34.8%	$15.5M-18.6%	$19.1M-52.5%	$40.1M-40.7%	$67.7M+181.4%	$24.1M
Long-Term Debt	N/A	$17.8M0.0%	$17.8M+2061.2%	$822K-37.0%	$1.3M	N/A
Total Equity	$5.3M+718.4%	-$849K-109.6%	$8.9M-52.0%	$18.5M+18.6%	$15.6M+194.2%	$5.3M
Retained Earnings	-$96.4M+0.5%	-$96.8M-13.2%	-$85.5M-14.4%	-$74.8M+0.7%	-$75.3M+12.1%	-$85.7M

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22
Total Assets	$36.5M+3.0%	$35.4M+38.7%	$25.5M-30.0%	$36.5M-1.4%	$37.0M+87.4%	$19.7M-62.8%	$53.1M+41.1%	$37.6M
Current Assets	$16.2M+12.2%	$14.4M+37.1%	$10.5M-59.3%	$25.8M-5.9%	$27.4M+138.2%	$11.5M+73.2%	$6.6M-29.0%	$9.4M
Cash & Equivalents	$4.0M+54.2%	$2.6M+63.1%	$1.6M-87.9%	$13.1M+808.5%	$1.4M-82.6%	$8.3M+230.7%	$2.5M-17.4%	$3.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.0M-23.4%	$1.4M+198.2%	$453K-12.9%	$520K	N/A	$887K	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$42.5M+16.0%	$36.6M+59.3%	$23.0M+19.8%	$19.2M-42.1%	$33.1M+108.3%	$15.9M-69.3%	$51.7M+50.5%	$34.4M
Current Liabilities	$41.2M+17.1%	$35.2M+63.3%	$21.6M+16.3%	$18.5M	N/A	$15.5M-37.9%	$25.0M+46.9%	$17.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$17.8M	N/A	N/A
Total Equity	-$6.0M-215.4%	-$1.9M-203.2%	$1.8M-88.9%	$16.5M+435.2%	$3.1M-23.0%	$4.0M+199.8%	$1.3M-58.6%	$3.2M
Retained Earnings	-$107.7M-3.7%	-$103.8M-3.9%	-$99.9M-16.9%	-$85.5M+11.3%	-$96.4M-2.9%	-$93.7M-0.4%	-$93.3M-2.4%	-$91.0M

PGTK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$18.3M-329.3%	$8.0M+150.1%	-$16.0M-568.9%	$3.4M-85.5%	$23.4M+938.9%	-$2.8M
Capital Expenditures	$20K+1900.0%	$1K-99.1%	$110K+45.4%	$76K-83.0%	$447K+1687.3%	$25K
Free Cash Flow	-$18.4M-329.6%	$8.0M+149.8%	-$16.1M-583.0%	$3.3M-85.5%	$23.0M+915.6%	-$2.8M
Investing Cash Flow	-$31.3M+27.0%	-$42.9M-2080.9%	-$2.0M-26.0%	-$1.6M+63.3%	-$4.2M-16890.8%	-$25K
Financing Cash Flow	$52.0M+79.9%	$28.9M+29156.1%	-$100K-5785.9%	$2K+100.3%	-$615K-111.3%	$5.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$5.7M	N/A	$100K	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22
Operating Cash Flow	-$4.5M-0.7%	-$4.5M-113.1%	-$2.1M+66.2%	-$6.2M-13.9%	-$5.5M+10.5%	-$6.1M-398.9%	-$1.2M+89.1%	-$11.2M
Capital Expenditures	$6K-88.0%	$50K+138.1%	$21K+5.0%	$20K-37.5%	$32K+966.7%	$3K+137.5%	-$8K	$0
Free Cash Flow	-$4.5M+0.3%	-$4.5M-113.4%	-$2.1M+66.0%	-$6.2M-13.6%	-$5.5M+10.0%	-$6.1M-395.9%	-$1.2M+89.0%	-$11.2M
Investing Cash Flow	$1.3M+139.4%	-$3.3M-1043.0%	-$286K+99.1%	-$30.4M-447.5%	-$5.6M-188.6%	$6.3M+137.8%	-$16.6M-98.6%	-$8.3M
Financing Cash Flow	$5.3M-38.0%	$8.6M+2431.3%	-$367K-100.8%	$47.9M+1188.3%	$3.7M-44.4%	$6.7M-61.0%	$17.1M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PGTK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	59.8%+36.1pp	23.6%-46.8pp	70.5%+50.3pp	20.2%-19.4pp	39.6%+32.9pp	6.7%
Operating Margin	111.9%+251.1pp	-139.1%-66.4pp	-72.7%-61.8pp	-10.9%-18.6pp	7.7%+822.5pp	-814.8%
Net Margin	3.2%+151.3pp	-148.2%-78.5pp	-69.6%-66.2pp	-3.4%-11.4pp	8.0%+872.5pp	-864.5%
Return on Equity	8.7%	N/A	N/A	N/A	66.6%	N/A
Return on Assets	1.6%+38.6pp	-37.0%-9.2pp	-27.8%-24.9pp	-2.9%-14.9pp	12.0%+73.1pp	-61.1%
Current Ratio	0.61+0.4	0.24-1.1	1.30+0.3	0.99+0.0	0.95+0.2	0.78
Debt-to-Equity	4.28+25.2	-20.93-22.9	2.00+2.0	0.04-0.0	0.08-4.5	4.54
FCF Margin	-126.2%-230.9pp	104.7%+208.8pp	-104.1%-110.4pp	6.3%-11.4pp	17.7%+153.6pp	-135.9%

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22
Gross Margin	4.7%+10.4pp	-5.7%-20.6pp	14.9%-65.9pp	80.8%+118.1pp	-37.3%-34.9pp	-2.4%-19.5pp	17.1%+5.3pp	11.8%
Operating Margin	-194.2%-2.8pp	-191.4%+0.2pp	-191.6%-406.9pp	215.4%+391.9pp	-176.6%-539.1pp	362.5%+418.7pp	-56.1%+138.1pp	-194.2%
Net Margin	-252.3%-40.4pp	-211.9%-17.1pp	-194.8%-304.7pp	109.9%+344.7pp	-234.8%-490.8pp	256.0%+317.1pp	-61.1%+126.4pp	-187.5%
Return on Equity	N/A	N/A	N/A	68.2%	N/A	76.0%	N/A	N/A
Return on Assets	-10.5%+0.6pp	-11.1%+2.6pp	-13.8%-44.7pp	30.9%+38.3pp	-7.4%-22.8pp	15.4%+19.6pp	-4.2%+1.8pp	-6.0%
Current Ratio	0.39-0.0	0.41-0.1	0.49-0.9	1.39	N/A	0.24-0.0	0.27-0.3	0.55
Debt-to-Equity	-7.10+12.2	-19.31-31.8	12.50+11.3	1.16-9.6	10.73+6.8	3.97-34.8	38.74+28.1	10.66
FCF Margin	-297.4%-53.2pp	-244.1%-126.3pp	-117.9%-57.0pp	-60.9%+411.0pp	-471.8%+41.8pp	-513.7%-479.9pp	-33.8%+901.7pp	-935.5%

Note: The current ratio is below 1.0 (0.61), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Pacific Green Technologies Inc's annual revenue?

Pacific Green Technologies Inc (PGTK) reported $14.5M in total revenue for fiscal year 2024. This represents a 90.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Pacific Green Technologies Inc's revenue growing?

Pacific Green Technologies Inc (PGTK) revenue grew by 90.4% year-over-year, from $7.6M to $14.5M in fiscal year 2024.

Is Pacific Green Technologies Inc profitable?

Yes, Pacific Green Technologies Inc (PGTK) reported a net income of $459K in fiscal year 2024, with a net profit margin of 3.2%.

What is Pacific Green Technologies Inc's earnings per share (EPS)?

Pacific Green Technologies Inc (PGTK) reported diluted earnings per share of $0.01 for fiscal year 2024. This represents a 104.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Pacific Green Technologies Inc's EBITDA?

Pacific Green Technologies Inc (PGTK) had EBITDA of $16.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Pacific Green Technologies Inc's gross margin?

Pacific Green Technologies Inc (PGTK) had a gross margin of 59.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Pacific Green Technologies Inc's operating margin?

Pacific Green Technologies Inc (PGTK) had an operating margin of 111.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Pacific Green Technologies Inc's net profit margin?

Pacific Green Technologies Inc (PGTK) had a net profit margin of 3.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Pacific Green Technologies Inc's return on equity (ROE)?

Pacific Green Technologies Inc (PGTK) has a return on equity of 8.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Pacific Green Technologies Inc's free cash flow?

Pacific Green Technologies Inc (PGTK) generated -$18.4M in free cash flow during fiscal year 2024. This represents a -329.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Pacific Green Technologies Inc's operating cash flow?

Pacific Green Technologies Inc (PGTK) generated -$18.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Pacific Green Technologies Inc's total assets?

Pacific Green Technologies Inc (PGTK) had $28.5M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Pacific Green Technologies Inc's capital expenditures?

Pacific Green Technologies Inc (PGTK) invested $20K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Pacific Green Technologies Inc spend on research and development?

Pacific Green Technologies Inc (PGTK) invested $162K in research and development during fiscal year 2024.

Does Pacific Green Technologies Inc buy back shares?

Yes, Pacific Green Technologies Inc (PGTK) spent $5.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Pacific Green Technologies Inc have outstanding?

Pacific Green Technologies Inc (PGTK) had 52M shares outstanding as of fiscal year 2024.

What is Pacific Green Technologies Inc's current ratio?

Pacific Green Technologies Inc (PGTK) had a current ratio of 0.61 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Pacific Green Technologies Inc's debt-to-equity ratio?

Pacific Green Technologies Inc (PGTK) had a debt-to-equity ratio of 4.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Pacific Green Technologies Inc's return on assets (ROA)?

Pacific Green Technologies Inc (PGTK) had a return on assets of 1.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Pacific Green Technologies Inc's cash runway?

Based on fiscal year 2024 data, Pacific Green Technologies Inc (PGTK) had $4.2M in cash against an annual operating cash burn of $18.3M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Pacific Green Technologies Inc's Altman Z-Score?

Pacific Green Technologies Inc (PGTK) has an Altman Z-Score of -1.85, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Pacific Green Technologies Inc's Piotroski F-Score?

Pacific Green Technologies Inc (PGTK) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Pacific Green Technologies Inc's earnings high quality?

Pacific Green Technologies Inc (PGTK) has an earnings quality ratio of -39.96x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Pacific Green Technologies Inc cover its interest payments?

Pacific Green Technologies Inc (PGTK) has an interest coverage ratio of 166.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Pacific Green Technologies Inc?

Pacific Green Technologies Inc (PGTK) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.