World Chess Balance Sheet Health
Financial Health criteria checks 2/6
World Chess has a total shareholder equity of €1.0M and total debt of €33.0K, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are €6.0M and €5.0M respectively.
Key information
3.3%
Debt to equity ratio
€32.99k
Debt
Interest coverage ratio | n/a |
Cash | €186.88k |
Equity | €1.01m |
Total liabilities | €5.01m |
Total assets | €6.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QZ9's short term assets (€630.4K) do not cover its short term liabilities (€3.5M).
Long Term Liabilities: QZ9's short term assets (€630.4K) do not cover its long term liabilities (€1.5M).
Debt to Equity History and Analysis
Debt Level: QZ9 has more cash than its total debt.
Reducing Debt: QZ9 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: QZ9 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: QZ9 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.9% each year