Wetteri Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Wetteri Oyj has a total shareholder equity of €37.1M and total debt of €93.1M, which brings its debt-to-equity ratio to 251%. Its total assets and total liabilities are €235.6M and €198.5M respectively. Wetteri Oyj's EBIT is €6.7M making its interest coverage ratio 0.7. It has cash and short-term investments of €1.2M.
Key information
251.0%
Debt to equity ratio
€93.08m
Debt
Interest coverage ratio | 0.7x |
Cash | €1.19m |
Equity | €37.09m |
Total liabilities | €198.52m |
Total assets | €235.61m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: WETTERI's short term assets (€126.8M) do not cover its short term liabilities (€144.7M).
Long Term Liabilities: WETTERI's short term assets (€126.8M) exceed its long term liabilities (€53.8M).
Debt to Equity History and Analysis
Debt Level: WETTERI's net debt to equity ratio (247.7%) 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 152.9% per year.