Nordic Aqua Partners Balance Sheet Health
Financial Health criteria checks 3/6
Nordic Aqua Partners has a total shareholder equity of €57.9M and total debt of €31.5M, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are €117.7M and €59.8M respectively.
Key information
54.4%
Debt to equity ratio
€31.49m
Debt
| Interest coverage ratio | n/a |
| Cash | €2.78m |
| Equity | €57.90m |
| Total liabilities | €59.79m |
| Total assets | €117.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 22L's short term assets (€21.2M) exceed its short term liabilities (€19.3M).
Long Term Liabilities: 22L's short term assets (€21.2M) do not cover its long term liabilities (€40.5M).
Debt to Equity History and Analysis
Debt Level: 22L's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: Insufficient data to determine if 22L'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: 22L has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 22L is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.