Catenon Balance Sheet Health
Financial Health criteria checks 5/6
Catenon has a total shareholder equity of €2.7M and total debt of €1.4M, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are €5.7M and €3.0M respectively. Catenon's EBIT is €20.1K making its interest coverage ratio 0.3. It has cash and short-term investments of €324.5K.
Key information
54.0%
Debt to equity ratio
€1.45m
Debt
| Interest coverage ratio | 0.3x |
| Cash | €324.46k |
| Equity | €2.68m |
| Total liabilities | €3.02m |
| Total assets | €5.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8Y9's short term assets (€4.1M) exceed its short term liabilities (€2.5M).
Long Term Liabilities: 8Y9's short term assets (€4.1M) exceed its long term liabilities (€522.5K).
Debt to Equity History and Analysis
Debt Level: 8Y9's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: 8Y9's debt to equity ratio has reduced from 89.7% to 54% 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: Whilst unprofitable 8Y9 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8Y9 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.8% per year.