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Next Games Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Key information
3.2%
Debt to equity ratio
€600.00k
Debt
| Interest coverage ratio | n/a |
| Cash | €2.20m |
| Equity | €18.60m |
| Total liabilities | €14.90m |
| Total assets | €33.50m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXTGMS's short term assets (€7.2M) do not cover its short term liabilities (€10.5M).
Long Term Liabilities: NXTGMS's short term assets (€7.2M) exceed its long term liabilities (€4.4M).
Debt to Equity History and Analysis
Debt Level: NXTGMS has more cash than its total debt.
Reducing Debt: NXTGMS's debt to equity ratio has reduced from 8.9% to 3.2% 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: NXTGMS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NXTGMS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.