Klappir Grænar Lausnir hf Balance Sheet Health
Financial Health criteria checks 4/6
Klappir Grænar Lausnir hf has a total shareholder equity of ISK367.3M and total debt of ISK313.1M, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are ISK840.6M and ISK473.3M respectively. Klappir Grænar Lausnir hf's EBIT is ISK54.6M making its interest coverage ratio 1.2. It has cash and short-term investments of ISK158.6M.
Key information
85.2%
Debt to equity ratio
ISK 313.10m
Debt
| Interest coverage ratio | 1.2x |
| Cash | ISK 158.60m |
| Equity | ISK 367.30m |
| Total liabilities | ISK 473.30m |
| Total assets | ISK 840.60m |
Financial Position Analysis
Short Term Liabilities: KLAPP B's short term assets (ISK495.3M) exceed its short term liabilities (ISK124.8M).
Long Term Liabilities: KLAPP B's short term assets (ISK495.3M) exceed its long term liabilities (ISK348.5M).
Debt to Equity History and Analysis
Debt Level: KLAPP B's net debt to equity ratio (42.1%) is considered high.
Reducing Debt: KLAPP B's debt to equity ratio has increased from 14.4% to 85.2% 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: KLAPP B has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: KLAPP B has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of 5.1% each year.