Nordic Iron Ore Balance Sheet Health
Financial Health criteria checks 5/6
Nordic Iron Ore has a total shareholder equity of SEK254.3M and total debt of SEK32.1M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are SEK288.3M and SEK34.0M respectively.
Key information
12.6%
Debt to equity ratio
SEK 32.14m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 118.53m |
| Equity | SEK 254.30m |
| Total liabilities | SEK 33.97m |
| Total assets | SEK 288.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIO's short term assets (SEK119.2M) exceed its short term liabilities (SEK32.1M).
Long Term Liabilities: NIO's short term assets (SEK119.2M) exceed its long term liabilities (SEK1.8M).
Debt to Equity History and Analysis
Debt Level: NIO has more cash than its total debt.
Reducing Debt: NIO's debt to equity ratio has increased from 8.3% to 12.6% 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: NIO has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NIO has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 14.3% each year