Ice Code Games Balance Sheet Health
Financial Health criteria checks 3/6
Ice Code Games has a total shareholder equity of PLN14.3M and total debt of PLN1.4M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are PLN22.1M and PLN7.8M respectively.
Key information
9.6%
Debt to equity ratio
zł1.38m
Debt
Interest coverage ratio | n/a |
Cash | zł1.06m |
Equity | zł14.30m |
Total liabilities | zł7.75m |
Total assets | zł22.05m |
Financial Position Analysis
Short Term Liabilities: ICG's short term assets (PLN1.4M) do not cover its short term liabilities (PLN1.8M).
Long Term Liabilities: ICG's short term assets (PLN1.4M) do not cover its long term liabilities (PLN5.9M).
Debt to Equity History and Analysis
Debt Level: ICG's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: ICG's debt to equity ratio has increased from 0% to 9.6% 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: ICG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ICG has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 6.7% each year.