New Energy One Acquisition Balance Sheet Health
Financial Health criteria checks 3/6
New Energy One Acquisition has a total shareholder equity of £14.7M and total debt of £2.4M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are £22.0M and £7.3M respectively.
Key information
16.5%
Debt to equity ratio
UK£2.43m
Debt
Interest coverage ratio | n/a |
Cash | UK£2.06m |
Equity | UK£14.70m |
Total liabilities | UK£7.34m |
Total assets | UK£22.05m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEOA's short term assets (£22.0M) exceed its short term liabilities (£7.3M).
Long Term Liabilities: NEOA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NEOA's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NEOA'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: NEOA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NEOA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 92.1% each year