Nordic Unmanned Balance Sheet Health
Financial Health criteria checks 1/6
Nordic Unmanned has a total shareholder equity of €13.7M and total debt of €18.1M, which brings its debt-to-equity ratio to 132.3%. Its total assets and total liabilities are €40.3M and €26.6M respectively.
Key information
132.3%
Debt to equity ratio
€18.15m
Debt
Interest coverage ratio | n/a |
Cash | €1.23m |
Equity | €13.72m |
Total liabilities | €26.60m |
Total assets | €40.32m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NUMND's short term assets (€9.5M) exceed its short term liabilities (€9.3M).
Long Term Liabilities: NUMND's short term assets (€9.5M) do not cover its long term liabilities (€17.3M).
Debt to Equity History and Analysis
Debt Level: NUMND's net debt to equity ratio (123.3%) is considered high.
Reducing Debt: Insufficient data to determine if NUMND'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: NUMND has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NUMND has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.8% each year