Algreen Balance Sheet Health
Financial Health criteria checks 2/6
Algreen has a total shareholder equity of €5.8M and total debt of €6.5M, which brings its debt-to-equity ratio to 111.8%. Its total assets and total liabilities are €14.2M and €8.3M respectively.
Key information
111.8%
Debt to equity ratio
€6.52m
Debt
Interest coverage ratio | n/a |
Cash | €349.00k |
Equity | €5.83m |
Total liabilities | €8.32m |
Total assets | €14.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALGRE's short term assets (€4.2M) do not cover its short term liabilities (€7.3M).
Long Term Liabilities: ALGRE's short term assets (€4.2M) exceed its long term liabilities (€996.0K).
Debt to Equity History and Analysis
Debt Level: ALGRE's net debt to equity ratio (105.8%) is considered high.
Reducing Debt: ALGRE's debt to equity ratio has reduced from 134% to 111.8% 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: ALGRE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ALGRE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.6% each year