Purmo Group Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Purmo Group Oyj has a total shareholder equity of €415.4M and total debt of €292.4M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are €968.0M and €552.6M respectively. Purmo Group Oyj's EBIT is €44.8M making its interest coverage ratio 2.2. It has cash and short-term investments of €71.1M.
Key information
70.4%
Debt to equity ratio
€292.40m
Debt
| Interest coverage ratio | 2.2x |
| Cash | €71.10m |
| Equity | €415.40m |
| Total liabilities | €552.60m |
| Total assets | €968.00m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4M9's short term assets (€338.0M) exceed its short term liabilities (€200.3M).
Long Term Liabilities: 4M9's short term assets (€338.0M) do not cover its long term liabilities (€352.3M).
Debt to Equity History and Analysis
Debt Level: 4M9's net debt to equity ratio (53.3%) is considered high.
Reducing Debt: Insufficient data to determine if 4M9'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: Whilst unprofitable 4M9 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 4M9 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 10.3% per year.