Spinnova Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Spinnova Oyj has a total shareholder equity of €78.9M and total debt of €5.4M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are €89.9M and €11.0M respectively.
Key information
6.8%
Debt to equity ratio
€5.36m
Debt
| Interest coverage ratio | n/a |
| Cash | €53.61m |
| Equity | €78.93m |
| Total liabilities | €10.96m |
| Total assets | €89.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9HP's short term assets (€55.3M) exceed its short term liabilities (€4.9M).
Long Term Liabilities: 9HP's short term assets (€55.3M) exceed its long term liabilities (€6.1M).
Debt to Equity History and Analysis
Debt Level: 9HP has more cash than its total debt.
Reducing Debt: 9HP's debt to equity ratio has reduced from 47.1% to 6.8% 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: 9HP has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 9HP has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 25.1% each year