Tessin Nordic Holding Balance Sheet Health
Financial Health criteria checks 3/6
Tessin Nordic Holding has a total shareholder equity of SEK11.9M and total debt of SEK171.8M, which brings its debt-to-equity ratio to 1440.7%. Its total assets and total liabilities are SEK266.6M and SEK254.7M respectively.
Key information
1,440.7%
Debt to equity ratio
kr171.79m
Debt
Interest coverage ratio | n/a |
Cash | kr27.27m |
Equity | kr11.92m |
Total liabilities | kr254.72m |
Total assets | kr266.64m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TESSIN's short term assets (SEK209.4M) do not cover its short term liabilities (SEK229.2M).
Long Term Liabilities: TESSIN's short term assets (SEK209.4M) exceed its long term liabilities (SEK25.5M).
Debt to Equity History and Analysis
Debt Level: TESSIN's net debt to equity ratio (1212.1%) is considered high.
Reducing Debt: Insufficient data to determine if TESSIN's debt to equity ratio has reduced 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 TESSIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TESSIN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.9% per year.