Aega Balance Sheet Health
Financial Health criteria checks 3/6
Aega has a total shareholder equity of €5.8M and total debt of €7.5M, which brings its debt-to-equity ratio to 129.3%. Its total assets and total liabilities are €19.1M and €13.3M respectively. Aega's EBIT is €217.6K making its interest coverage ratio 0.4. It has cash and short-term investments of €1.4M.
Key information
129.3%
Debt to equity ratio
€7.51m
Debt
| Interest coverage ratio | 0.4x |
| Cash | €1.44m |
| Equity | €5.81m |
| Total liabilities | €13.26m |
| Total assets | €19.07m |
Recent financial health updates
Is Aega (OB:AEGA) Weighed On By Its Debt Load?
Aug 13
Is Aega (OB:AEGA) Using Debt Sensibly?
Apr 13Is Aega (OB:AEGA) Using Debt Sensibly?
Oct 26Is Aega (OB:AEGA) Weighed On By Its Debt Load?
Jul 13Is Aega (OB:AEGA) A Risky Investment?
Jun 10Does Aega (OB:AEGA) Have A Healthy Balance Sheet?
Sep 07Recent updates
Is Aega (OB:AEGA) Weighed On By Its Debt Load?
Aug 13Is Aega (OB:AEGA) Using Debt Sensibly?
Apr 13Is Aega (OB:AEGA) Using Debt Sensibly?
Oct 26Is Aega (OB:AEGA) Weighed On By Its Debt Load?
Jul 13Is Aega (OB:AEGA) A Risky Investment?
Jun 10Does Aega (OB:AEGA) Have A Healthy Balance Sheet?
Sep 07Does Aega (OB:AEGA) Have A Healthy Balance Sheet?
Apr 28Should You Take Comfort From Insider Transactions At Aega ASA (OB:AEGA)?
Feb 28Is Aega (OB:AEGA) Using Debt In A Risky Way?
Jan 07
Financial Position Analysis
Short Term Liabilities: AEGA's short term assets (€4.4M) exceed its short term liabilities (€2.2M).
Long Term Liabilities: AEGA's short term assets (€4.4M) do not cover its long term liabilities (€11.1M).
Debt to Equity History and Analysis
Debt Level: AEGA's net debt to equity ratio (104.5%) is considered high.
Reducing Debt: AEGA's debt to equity ratio has increased from 0% to 129.3% 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 AEGA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AEGA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.8% per year.