Green Hydrogen Systems Balance Sheet Health
Financial Health criteria checks 2/6
Green Hydrogen Systems has a total shareholder equity of DKK673.1M and total debt of DKK1.2B, which brings its debt-to-equity ratio to 185.4%. Its total assets and total liabilities are DKK2.2B and DKK1.5B respectively.
Key information
185.4%
Debt to equity ratio
DKK 1.25b
Debt
| Interest coverage ratio | n/a |
| Cash | DKK 631.07m |
| Equity | DKK 673.08m |
| Total liabilities | DKK 1.54b |
| Total assets | DKK 2.21b |
Financial Position Analysis
Short Term Liabilities: GREENH's short term assets (DKK972.3M) do not cover its short term liabilities (DKK1.1B).
Long Term Liabilities: GREENH's short term assets (DKK972.3M) exceed its long term liabilities (DKK402.3M).
Debt to Equity History and Analysis
Debt Level: GREENH's net debt to equity ratio (91.6%) is considered high.
Reducing Debt: Insufficient data to determine if GREENH's debt to equity ratio has reduced 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: GREENH has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: GREENH has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35.5% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 02:23 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Green Hydrogen Systems A/S is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lars Topholm | Carnegie Investment Bank AB |
| Patrick Jones | J.P. Morgan |