Nordic Technology Group Balance Sheet Health
Financial Health criteria checks 2/6
Nordic Technology Group has a total shareholder equity of NOK571.0M and total debt of NOK44.5M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are NOK656.3M and NOK85.3M respectively.
Key information
7.8%
Debt to equity ratio
kr44.52m
Debt
| Interest coverage ratio | n/a |
| Cash | kr8.03m |
| Equity | kr571.00m |
| Total liabilities | kr85.30m |
| Total assets | kr656.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTG's short term assets (NOK49.8M) do not cover its short term liabilities (NOK56.2M).
Long Term Liabilities: NTG's short term assets (NOK49.8M) exceed its long term liabilities (NOK29.1M).
Debt to Equity History and Analysis
Debt Level: NTG's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NTG'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: NTG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NTG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 73.4% each year