Nordic Flanges Group Balance Sheet Health
Financial Health criteria checks 3/6
Nordic Flanges Group has a total shareholder equity of SEK18.3M and total debt of SEK53.4M, which brings its debt-to-equity ratio to 292.6%. Its total assets and total liabilities are SEK135.8M and SEK117.6M respectively.
Key information
292.6%
Debt to equity ratio
SEK 53.42m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 3.13m |
| Equity | SEK 18.26m |
| Total liabilities | SEK 117.57m |
| Total assets | SEK 135.83m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: NFGAB BTA's short term assets (SEK83.8M) do not cover its short term liabilities (SEK90.2M).
Long Term Liabilities: NFGAB BTA's short term assets (SEK83.8M) exceed its long term liabilities (SEK27.3M).
Debt to Equity History and Analysis
Debt Level: NFGAB BTA's net debt to equity ratio (275.4%) is considered high.
Reducing Debt: NFGAB BTA's debt to equity ratio has increased from 73.1% to 292.6% 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: Whilst unprofitable NFGAB BTA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NFGAB BTA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.8% per year.