Thor Medical Balance Sheet Health
Financial Health criteria checks 4/6
Thor Medical has a total shareholder equity of NOK260.0M and total debt of NOK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NOK320.1M and NOK60.1M respectively.
Key information
0%
Debt to equity ratio
NOK 0
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 29.60m |
| Equity | NOK 260.00m |
| Total liabilities | NOK 60.10m |
| Total assets | NOK 320.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRMED's short term assets (NOK33.7M) exceed its short term liabilities (NOK5.2M).
Long Term Liabilities: TRMED's short term assets (NOK33.7M) do not cover its long term liabilities (NOK54.9M).
Debt to Equity History and Analysis
Debt Level: TRMED is debt free.
Reducing Debt: TRMED has not had any debt for 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: TRMED has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: TRMED has less than a year of cash runway if free cash flow continues to grow at historical rates of 198.6% each year.