Cortus Energy Balance Sheet Health
Financial Health criteria checks 0/6
Cortus Energy has a total shareholder equity of SEK-41.6M and total debt of SEK83.5M, which brings its debt-to-equity ratio to -201%. Its total assets and total liabilities are SEK98.1M and SEK139.7M respectively.
Key information
-201.0%
Debt to equity ratio
kr83.54m
Debt
| Interest coverage ratio | n/a |
| Cash | kr10.13m |
| Equity | -kr41.56m |
| Total liabilities | kr139.71m |
| Total assets | kr98.14m |
Recent financial health updates
Here's Why Cortus Energy (STO:CE) Can Afford Some Debt
Jan 03
We Think Cortus Energy (STO:CE) Has A Fair Chunk Of Debt
Sep 20Is Cortus Energy (STO:CE) Using Too Much Debt?
Jun 07Would Cortus Energy (STO:CE) Be Better Off With Less Debt?
Feb 18Is Cortus Energy (STO:CE) Using Debt Sensibly?
Aug 22Is Cortus Energy (STO:CE) Weighed On By Its Debt Load?
Mar 03Recent updates
Here's Why Cortus Energy (STO:CE) Can Afford Some Debt
Jan 03We Think Cortus Energy (STO:CE) Has A Fair Chunk Of Debt
Sep 20Is Cortus Energy (STO:CE) Using Too Much Debt?
Jun 07Would Cortus Energy (STO:CE) Be Better Off With Less Debt?
Feb 18Is Cortus Energy (STO:CE) Using Debt Sensibly?
Aug 22Is Cortus Energy (STO:CE) Weighed On By Its Debt Load?
Mar 03Here's Why Cortus Energy (STO:CE) Can Afford Some Debt
Nov 01Here's Why Cortus Energy (STO:CE) Can Afford Some Debt
Jul 20Here's Why Cortus Energy (STO:CE) Can Afford Some Debt
Mar 29Is Cortus Energy (STO:CE) A Risky Investment?
Dec 13Financial Position Analysis
Short Term Liabilities: CE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: CE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CE has less than a year of cash runway if free cash flow continues to grow at historical rates of 14.8% each year.