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 ratio | n/a |
Cash | €61.46m |
Equity | €87.33m |
Total liabilities | €11.29m |
Total assets | €98.61m |
Recent financial health updates
No updates
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