SpineGuard Balance Sheet Health
Financial Health criteria checks 4/6
SpineGuard has a total shareholder equity of €6.3M and total debt of €3.5M, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are €12.1M and €5.9M respectively.
Key information
55.1%
Debt to equity ratio
€3.46m
Debt
Interest coverage ratio | n/a |
Cash | €4.59m |
Equity | €6.27m |
Total liabilities | €5.85m |
Total assets | €12.12m |
Financial Position Analysis
Short Term Liabilities: ALSGD's short term assets (€7.2M) exceed its short term liabilities (€3.5M).
Long Term Liabilities: ALSGD's short term assets (€7.2M) exceed its long term liabilities (€2.4M).
Debt to Equity History and Analysis
Debt Level: ALSGD has more cash than its total debt.
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: Insufficient data to determine if ALSGD has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ALSGD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.