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 ratio | n/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.