Spineway Balance Sheet Health

Financial Health criteria checks 4/6

Spineway has a total shareholder equity of €19.1M and total debt of €2.6M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are €26.3M and €7.3M respectively.

Key information

13.5%

Debt to equity ratio

€2.57m

Debt

Interest coverage ration/a
Cash€1.80m
Equity€19.05m
Total liabilities€7.26m
Total assets€26.31m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 37S's short term assets (€10.2M) exceed its short term liabilities (€5.3M).

Long Term Liabilities: 37S's short term assets (€10.2M) exceed its long term liabilities (€2.0M).


Debt to Equity History and Analysis

Debt Level: 37S's net debt to equity ratio (4.1%) is considered satisfactory.

Reducing Debt: 37S's debt to equity ratio has reduced from 413.2% to 13.5% 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: Insufficient data to determine if 37S has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 37S has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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