029 Group Balance Sheet Health
Financial Health criteria checks 2/6
029 Group has a total shareholder equity of €16.4M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €16.6M and €295.7K respectively. 029 Group's EBIT is €465.3K making its interest coverage ratio 15.1. It has cash and short-term investments of €12.9K.
Key information
0%
Debt to equity ratio
€0
Debt
| Interest coverage ratio | 15.1x |
| Cash | €12.90k |
| Equity | €16.35m |
| Total liabilities | €295.69k |
| Total assets | €16.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Z29's short term assets (€27.7K) do not cover its short term liabilities (€211.8K).
Long Term Liabilities: Z29's short term assets (€27.7K) do not cover its long term liabilities (€83.9K).
Debt to Equity History and Analysis
Debt Level: Z29 is debt free.
Reducing Debt: Z29 had no debt 5 years ago.
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: Z29 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Z29 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 49.8% each year