Solar Balance Sheet Health
Financial Health criteria checks 5/6
Solar has a total shareholder equity of PLN54.7M and total debt of PLN6.0M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are PLN124.3M and PLN69.6M respectively.
Key information
11.0%
Debt to equity ratio
zł5.99m
Debt
| Interest coverage ratio | n/a |
| Cash | zł3.35m |
| Equity | zł54.69m |
| Total liabilities | zł69.58m |
| Total assets | zł124.26m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOL's short term assets (PLN77.1M) exceed its short term liabilities (PLN39.2M).
Long Term Liabilities: SOL's short term assets (PLN77.1M) exceed its long term liabilities (PLN30.4M).
Debt to Equity History and Analysis
Debt Level: SOL's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: SOL's debt to equity ratio has increased from 0% to 11% 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 SOL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SOL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.2% per year.