SpineGuard Balance Sheet Health
Financial Health criteria checks 4/6
SpineGuard has a total shareholder equity of €4.4M and total debt of €2.5M, which brings its debt-to-equity ratio to 57.7%. Its total assets and total liabilities are €9.0M and €4.7M respectively.
Key information
57.7%
Debt to equity ratio
€2.52m
Debt
| Interest coverage ratio | n/a |
| Cash | €1.12m |
| Equity | €4.37m |
| Total liabilities | €4.68m |
| Total assets | €9.05m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ALSGD's short term assets (€4.0M) exceed its short term liabilities (€3.0M).
Long Term Liabilities: ALSGD's short term assets (€4.0M) exceed its long term liabilities (€1.7M).
Debt to Equity History and Analysis
Debt Level: ALSGD's net debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: ALSGD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: ALSGD has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ALSGD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 34.4% each year