Nordic Flanges Group Balance Sheet Health
Financial Health criteria checks 2/6
Nordic Flanges Group has a total shareholder equity of SEK30.6M and total debt of SEK36.1M, which brings its debt-to-equity ratio to 117.8%. Its total assets and total liabilities are SEK132.0M and SEK101.4M respectively.
Key information
117.8%
Debt to equity ratio
SEK 36.10m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 5.27m |
| Equity | SEK 30.64m |
| Total liabilities | SEK 101.36m |
| Total assets | SEK 132.00m |
Recent financial health updates
Nordic Flanges Group (STO:NFGAB) Has No Shortage Of Debt
Mar 27
These 4 Measures Indicate That Nordic Flanges Group (STO:NFGAB) Is Using Debt Extensively
Oct 19Is Nordic Flanges Group (STO:NFGAB) Using Debt In A Risky Way?
Apr 12Is Nordic Flanges Group (STO:NFGAB) Using Debt In A Risky Way?
Aug 24Nordic Flanges Group (STO:NFGAB) Has Debt But No Earnings; Should You Worry?
Apr 10Recent updates
Nordic Flanges Group AB (publ) (STO:NFGAB) Might Not Be As Mispriced As It Looks After Plunging 36%
Nov 16Positive Sentiment Still Eludes Nordic Flanges Group AB (publ) (STO:NFGAB) Following 31% Share Price Slump
Sep 29Nordic Flanges Group AB (publ) (STO:NFGAB) Doing What It Can To Lift Shares
Jul 26Nordic Flanges Group (STO:NFGAB) Has No Shortage Of Debt
Mar 27These 4 Measures Indicate That Nordic Flanges Group (STO:NFGAB) Is Using Debt Extensively
Oct 19Is Nordic Flanges Group (STO:NFGAB) Using Debt In A Risky Way?
Apr 12Is Nordic Flanges Group (STO:NFGAB) Using Debt In A Risky Way?
Aug 24Nordic Flanges Group (STO:NFGAB) Has Debt But No Earnings; Should You Worry?
Apr 10Financial Position Analysis
Short Term Liabilities: NFGAB's short term assets (SEK85.5M) exceed its short term liabilities (SEK84.4M).
Long Term Liabilities: NFGAB's short term assets (SEK85.5M) exceed its long term liabilities (SEK17.0M).
Debt to Equity History and Analysis
Debt Level: NFGAB's net debt to equity ratio (100.6%) is considered high.
Reducing Debt: NFGAB's debt to equity ratio has increased from 45.8% to 117.8% 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: NFGAB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NFGAB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 04:18 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nordic Flanges Group AB (publ) is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Susanna Helgesen | ABG Sundal Collier Sponsored |