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Nightcap Balance Sheet Health
Financial Health criteria checks 2/6
Nightcap has a total shareholder equity of £12.9M and total debt of £11.3M, which brings its debt-to-equity ratio to 87.2%. Its total assets and total liabilities are £82.8M and £69.9M respectively.
Key information
87.2%
Debt to equity ratio
UK£11.26m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£3.05m |
| Equity | UK£12.92m |
| Total liabilities | UK£69.87m |
| Total assets | UK£82.78m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9QH's short term assets (£7.0M) do not cover its short term liabilities (£16.2M).
Long Term Liabilities: 9QH's short term assets (£7.0M) do not cover its long term liabilities (£53.6M).
Debt to Equity History and Analysis
Debt Level: 9QH's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: Insufficient data to determine if 9QH'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 9QH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 9QH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 2.2% per year.