Digital Magics Balance Sheet Health
Financial Health criteria checks 6/6
Digital Magics has a total shareholder equity of €18.2M and total debt of €3.0M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are €24.0M and €5.8M respectively.
Key information
16.7%
Debt to equity ratio
€3.03m
Debt
| Interest coverage ratio | n/a |
| Cash | €4.85m |
| Equity | €18.19m |
| Total liabilities | €5.77m |
| Total assets | €23.96m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DM's short term assets (€8.8M) exceed its short term liabilities (€3.8M).
Long Term Liabilities: DM's short term assets (€8.8M) exceed its long term liabilities (€2.0M).
Debt to Equity History and Analysis
Debt Level: DM has more cash than its total debt.
Reducing Debt: DM's debt to equity ratio has reduced from 18.8% to 16.7% 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 DM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.8% per year.