Candles Scandinavia Balance Sheet Health
Financial Health criteria checks 4/6
Candles Scandinavia has a total shareholder equity of SEK83.8M and total debt of SEK27.3M, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are SEK136.4M and SEK52.6M respectively.
Key information
32.6%
Debt to equity ratio
SEK 27.34m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 359.03k |
| Equity | SEK 83.81m |
| Total liabilities | SEK 52.61m |
| Total assets | SEK 136.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LY7's short term assets (SEK97.4M) exceed its short term liabilities (SEK42.9M).
Long Term Liabilities: LY7's short term assets (SEK97.4M) exceed its long term liabilities (SEK9.8M).
Debt to Equity History and Analysis
Debt Level: LY7's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: LY7's debt to equity ratio has reduced from 524% to 32.6% 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: LY7 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LY7 has less than a year of cash runway if free cash flow continues to grow at historical rates of 12.2% each year.