Wetteri Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Wetteri Oyj has a total shareholder equity of €33.9M and total debt of €69.3M, which brings its debt-to-equity ratio to 204.3%. Its total assets and total liabilities are €214.3M and €180.4M respectively. Wetteri Oyj's EBIT is €5.3M making its interest coverage ratio 0.6. It has cash and short-term investments of €856.0K.
Key information
204.3%
Debt to equity ratio
€69.28m
Debt
Interest coverage ratio | 0.6x |
Cash | €856.00k |
Equity | €33.92m |
Total liabilities | €180.38m |
Total assets | €214.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WETTERI's short term assets (€107.7M) do not cover its short term liabilities (€129.6M).
Long Term Liabilities: WETTERI's short term assets (€107.7M) exceed its long term liabilities (€50.8M).
Debt to Equity History and Analysis
Debt Level: WETTERI's net debt to equity ratio (201.7%) is considered high.
Reducing Debt: Insufficient data to determine if WETTERI'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: Whilst unprofitable WETTERI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: WETTERI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 184.8% per year.