Spinnova Oyj Balance Sheet Health

Financial Health criteria checks 6/6

Spinnova Oyj has a total shareholder equity of €87.3M and total debt of €5.8M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are €98.6M and €11.3M respectively.

Key information

6.7%

Debt to equity ratio

€5.82m

Debt

Interest coverage ration/a
Cash€61.46m
Equity€87.33m
Total liabilities€11.29m
Total assets€98.61m

Recent financial health updates

No updates

Recent updates

Spinnova Oyj's (HEL:SPINN) 36% Cheaper Price Remains In Tune With Revenues

Mar 15
Spinnova Oyj's (HEL:SPINN) 36% Cheaper Price Remains In Tune With Revenues

Spinnova Oyj's (HEL:SPINN) Price Is Out Of Tune With Revenues

Jun 15
Spinnova Oyj's (HEL:SPINN) Price Is Out Of Tune With Revenues

Financial Position Analysis

Short Term Liabilities: SPINN's short term assets (€64.7M) exceed its short term liabilities (€5.6M).

Long Term Liabilities: SPINN's short term assets (€64.7M) exceed its long term liabilities (€5.7M).


Debt to Equity History and Analysis

Debt Level: SPINN has more cash than its total debt.

Reducing Debt: SPINN's debt to equity ratio has reduced from 32.2% to 6.7% 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: SPINN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: SPINN has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 35% each year


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