Redsense Medical Balance Sheet Health
Financial Health criteria checks 5/6
Redsense Medical has a total shareholder equity of SEK23.1M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK26.5M and SEK3.4M respectively.
Key information
0%
Debt to equity ratio
kr0
Debt
| Interest coverage ratio | n/a |
| Cash | kr6.97m |
| Equity | kr23.10m |
| Total liabilities | kr3.41m |
| Total assets | kr26.51m |
Recent financial health updates
Here's Why We're Watching Redsense Medical's (NGM:REDS) Cash Burn Situation
Jun 15
Redsense Medical (NGM:REDS) Is In A Good Position To Deliver On Growth Plans
Mar 01We're Not Very Worried About Redsense Medical's (NGM:REDS) Cash Burn Rate
Nov 10Is Redsense Medical (NGM:REDS) In A Good Position To Deliver On Growth Plans?
Apr 20Recent updates
Here's Why We're Watching Redsense Medical's (NGM:REDS) Cash Burn Situation
Jun 15Redsense Medical (NGM:REDS) Is In A Good Position To Deliver On Growth Plans
Mar 01We're Not Very Worried About Redsense Medical's (NGM:REDS) Cash Burn Rate
Nov 10Is Redsense Medical (NGM:REDS) In A Good Position To Deliver On Growth Plans?
Apr 20Shareholders Are Thrilled That The Redsense Medical (NGM:REDS) Share Price Increased 236%
Feb 24Financial Position Analysis
Short Term Liabilities: REDS's short term assets (SEK13.2M) exceed its short term liabilities (SEK3.4M).
Long Term Liabilities: REDS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: REDS is debt free.
Reducing Debt: REDS has no debt compared to 5 years ago when its debt to equity ratio was 35.8%.
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: REDS has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: REDS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.2% each year