Readly International Balance Sheet Health
Financial Health criteria checks 5/6
Readly International has a total shareholder equity of SEK18.2M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK236.7M and SEK218.4M respectively. Readly International's EBIT is SEK19.0M making its interest coverage ratio -4.2. It has cash and short-term investments of SEK146.1M.
Key information
0%
Debt to equity ratio
SEK 0
Debt
| Interest coverage ratio | -4.2x |
| Cash | SEK 146.08m |
| Equity | SEK 18.23m |
| Total liabilities | SEK 218.44m |
| Total assets | SEK 236.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5GS1's short term assets (SEK174.4M) do not cover its short term liabilities (SEK216.7M).
Long Term Liabilities: 5GS1's short term assets (SEK174.4M) exceed its long term liabilities (SEK1.8M).
Debt to Equity History and Analysis
Debt Level: 5GS1 is debt free.
Reducing Debt: 5GS1 has no debt compared to 5 years ago when its debt to equity ratio was 4.5%.
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: Whilst unprofitable 5GS1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 5GS1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.7% per year.