Candles Scandinavia Balance Sheet Health
Financial Health criteria checks 5/6
Candles Scandinavia has a total shareholder equity of SEK71.8M and total debt of SEK89.8M, which brings its debt-to-equity ratio to 125.2%. Its total assets and total liabilities are SEK199.4M and SEK127.7M respectively. Candles Scandinavia's EBIT is SEK3.9M making its interest coverage ratio 0.6. It has cash and short-term investments of SEK468.0K.
Key information
125.16%
Debt to equity ratio
SEK 89.82m
Debt
| Interest coverage ratio | 0.6x |
| Cash | SEK 467.99k |
| Equity | SEK 71.77m |
| Total liabilities | SEK 127.68m |
| Total assets | SEK 199.45m |
Recent financial health updates
Candles Scandinavia (STO:CANDLE B) Has A Somewhat Strained Balance Sheet
Jul 18
Does Candles Scandinavia (STO:CANDLE B) Have A Healthy Balance Sheet?
Mar 01Recent updates
Candles Scandinavia AB (publ)'s (STO:CANDLE B) 43% Share Price Surge Not Quite Adding Up
Jul 25Candles Scandinavia (STO:CANDLE B) Has A Somewhat Strained Balance Sheet
Jul 18A Piece Of The Puzzle Missing From Candles Scandinavia AB (publ)'s (STO:CANDLE B) 39% Share Price Climb
May 22Take Care Before Jumping Onto Candles Scandinavia AB (publ) (STO:CANDLE B) Even Though It's 26% Cheaper
Mar 11Does Candles Scandinavia (STO:CANDLE B) Have A Healthy Balance Sheet?
Mar 01Even With A 30% Surge, Cautious Investors Are Not Rewarding Candles Scandinavia AB (publ)'s (STO:CANDLE B) Performance Completely
Nov 10Calculating The Fair Value Of Candles Scandinavia AB (publ) (STO:CANDLE B)
Oct 30Candles Scandinavia AB (publ) Just Missed Earnings; Here's What Analysts Are Forecasting Now
Jun 14Candles Scandinavia AB (publ) Beat Revenue Forecasts By 31%: Here's What Analysts Are Forecasting Next
Mar 01Revenue Beat: Candles Scandinavia AB (publ) Beat Analyst Estimates By 31%
Dec 01Candles Scandinavia AB (publ) (STO:CANDLE B) Analysts Are Reducing Their Forecasts For This Year
Jun 16This Candles Scandinavia AB (publ) (STO:CANDLE B) Analyst Just Made A Noteworthy 13% Cut To Their Forecasts
Mar 08Candles Scandinavia AB (publ) (STO:CANDLE B) Shares Could Be 42% Below Their Intrinsic Value Estimate
Aug 11A Look At The Fair Value Of Candles Scandinavia AB (publ) (STO:CANDLE B)
Mar 24Financial Position Analysis
Short Term Liabilities: CANDLE B's short term assets (SEK97.6M) exceed its short term liabilities (SEK64.9M).
Long Term Liabilities: CANDLE B's short term assets (SEK97.6M) exceed its long term liabilities (SEK62.8M).
Debt to Equity History and Analysis
Debt Level: CANDLE B's net debt to equity ratio (124.5%) is considered high.
Reducing Debt: CANDLE B's debt to equity ratio has reduced from 288.5% to 125.2% 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 CANDLE B has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CANDLE B is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/03 14:41 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/07/31 |
| Annual Earnings | 2025/04/30 |
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.
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 Github.
Analyst Sources
Candles Scandinavia AB (publ) is covered by 1 analysts. 1 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 |
|---|---|
| Christopher Solbakke | Carlsquare AB |