Argeo Balance Sheet Health
Financial Health criteria checks 1/6
Argeo has a total shareholder equity of $43.0M and total debt of $15.5M, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are $97.9M and $54.9M respectively. Argeo's EBIT is $1.8M making its interest coverage ratio 0.3. It has cash and short-term investments of $5.5M.
Key information
36.0%
Debt to equity ratio
US$15.48m
Debt
| Interest coverage ratio | 0.3x |
| Cash | US$5.46m |
| Equity | US$43.00m |
| Total liabilities | US$54.90m |
| Total assets | US$97.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8W20's short term assets ($22.6M) do not cover its short term liabilities ($24.2M).
Long Term Liabilities: 8W20's short term assets ($22.6M) do not cover its long term liabilities ($30.7M).
Debt to Equity History and Analysis
Debt Level: 8W20's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 8W20's debt to equity ratio has reduced 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: 8W20 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 8W20 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.1% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 07:55 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Argeo ASA is covered by 1 analysts. 1 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 |
|---|---|
| Jorgen Opheim | Pareto Securities |