Harm Reduction Group Balance Sheet Health
Financial Health criteria checks 5/6
Harm Reduction Group has a total shareholder equity of SEK43.1M and total debt of SEK17.8M, which brings its debt-to-equity ratio to 41.4%. Its total assets and total liabilities are SEK154.2M and SEK111.1M respectively.
Key information
41.4%
Debt to equity ratio
kr17.83m
Debt
| Interest coverage ratio | n/a |
| Cash | kr3.65m |
| Equity | kr43.07m |
| Total liabilities | kr111.08m |
| Total assets | kr154.15m |
Recent financial health updates
Health Check: How Prudently Does Harm Reduction Group (NGM:NOHARM) Use Debt?
Feb 29
Does Harm Reduction Group (NGM:NOHARM) Have A Healthy Balance Sheet?
Sep 01Companies Like SealWacs (NGM:SEAL) Are In A Position To Invest In Growth
Dec 28Recent updates
Harm Reduction Group AB (publ) (NGM:NOHARM) Might Not Be As Mispriced As It Looks After Plunging 25%
Apr 24Market Cool On Harm Reduction Group AB (publ)'s (NGM:NOHARM) Revenues Pushing Shares 30% Lower
Mar 05Health Check: How Prudently Does Harm Reduction Group (NGM:NOHARM) Use Debt?
Feb 29Further Upside For Harm Reduction Group AB (publ) (NGM:NOHARM) Shares Could Introduce Price Risks After 32% Bounce
Jan 05It's Down 28% But Harm Reduction Group AB (NGM:NOHARM) Could Be Riskier Than It Looks
Sep 05Does Harm Reduction Group (NGM:NOHARM) Have A Healthy Balance Sheet?
Sep 01Companies Like SealWacs (NGM:SEAL) Are In A Position To Invest In Growth
Dec 28Financial Position Analysis
Short Term Liabilities: NOHARM's short term assets (SEK103.2M) exceed its short term liabilities (SEK89.9M).
Long Term Liabilities: NOHARM's short term assets (SEK103.2M) exceed its long term liabilities (SEK21.1M).
Debt to Equity History and Analysis
Debt Level: NOHARM's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: NOHARM's debt to equity ratio has increased from 0% to 41.4% 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 NOHARM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NOHARM is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.8% per year.