MyFirstApp Sweden Balance Sheet Health
Financial Health criteria checks 1/6
MyFirstApp Sweden has a total shareholder equity of SEK2.7M and total debt of SEK697.6K, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are SEK20.4M and SEK17.7M respectively.
Key information
25.5%
Debt to equity ratio
SEK 697.62k
Debt
Interest coverage ratio | n/a |
Cash | SEK 121.27k |
Equity | SEK 2.73m |
Total liabilities | SEK 17.67m |
Total assets | SEK 20.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EVOL's short term assets (SEK1.6M) do not cover its short term liabilities (SEK3.8M).
Long Term Liabilities: EVOL's short term assets (SEK1.6M) do not cover its long term liabilities (SEK13.9M).
Debt to Equity History and Analysis
Debt Level: EVOL's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: EVOL's debt to equity ratio has increased from 11.4% to 25.5% 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: EVOL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: EVOL has less than a year of cash runway if free cash flow continues to grow at historical rates of 38.4% each year.