Meriaura Group Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Meriaura Group Oyj has a total shareholder equity of €40.0M and total debt of €15.4M, which brings its debt-to-equity ratio to 38.5%. Its total assets and total liabilities are €67.8M and €27.9M respectively. Meriaura Group Oyj's EBIT is €1.0M making its interest coverage ratio 0.8. It has cash and short-term investments of €7.7M.
Key information
38.5%
Debt to equity ratio
€15.41m
Debt
Interest coverage ratio | 0.8x |
Cash | €7.73m |
Equity | €39.99m |
Total liabilities | €27.86m |
Total assets | €67.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MERIH's short term assets (€18.4M) exceed its short term liabilities (€9.7M).
Long Term Liabilities: MERIH's short term assets (€18.4M) exceed its long term liabilities (€18.1M).
Debt to Equity History and Analysis
Debt Level: MERIH's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: MERIH's debt to equity ratio has reduced from 186.8% to 38.5% 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: Whilst unprofitable MERIH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MERIH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.6% per year.