11880 Solutions Balance Sheet Health
Financial Health criteria checks 4/6
11880 Solutions has a total shareholder equity of €3.2M and total debt of €2.0M, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are €19.1M and €15.9M respectively. 11880 Solutions's EBIT is €388.0K making its interest coverage ratio 1.4. It has cash and short-term investments of €2.1M.
Key information
61.9%
Debt to equity ratio
€2.00m
Debt
| Interest coverage ratio | 1.4x |
| Cash | €2.11m |
| Equity | €3.23m |
| Total liabilities | €15.92m |
| Total assets | €19.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0NXT's short term assets (€8.0M) do not cover its short term liabilities (€12.6M).
Long Term Liabilities: 0NXT's short term assets (€8.0M) exceed its long term liabilities (€3.3M).
Debt to Equity History and Analysis
Debt Level: 0NXT has more cash than its total debt.
Reducing Debt: 0NXT's debt to equity ratio has increased from 0.8% to 61.9% 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 0NXT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0NXT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 56.4% per year.