Circio Holding Balance Sheet Health
Financial Health criteria checks 2/6
Circio Holding has a total shareholder equity of NOK-96.3M and total debt of NOK110.7M, which brings its debt-to-equity ratio to -114.9%. Its total assets and total liabilities are NOK28.1M and NOK124.5M respectively.
Key information
-114.9%
Debt to equity ratio
kr110.65m
Debt
Interest coverage ratio | n/a |
Cash | kr22.25m |
Equity | -kr96.34m |
Total liabilities | kr124.47m |
Total assets | kr28.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRNAO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CRNAO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CRNAO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CRNAO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: CRNAO has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CRNAO is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.