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