Wetteri Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Wetteri Oyj has a total shareholder equity of €36.4M and total debt of €42.4M, which brings its debt-to-equity ratio to 116.5%. Its total assets and total liabilities are €218.7M and €182.3M respectively. Wetteri Oyj's EBIT is €3.7M making its interest coverage ratio 0.3. It has cash and short-term investments of €866.0K.
Key information
116.5%
Debt to equity ratio
€42.35m
Debt
| Interest coverage ratio | 0.3x |
| Cash | €866.00k |
| Equity | €36.36m |
| Total liabilities | €182.33m |
| Total assets | €218.69m |
Financial Position Analysis
Short Term Liabilities: WETTERI's short term assets (€108.5M) do not cover its short term liabilities (€135.1M).
Long Term Liabilities: WETTERI's short term assets (€108.5M) exceed its long term liabilities (€47.2M).
Debt to Equity History and Analysis
Debt Level: WETTERI's net debt to equity ratio (114.1%) 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 109.5% per year.