Grangex Balance Sheet Health
Financial Health criteria checks 3/6
Grangex has a total shareholder equity of SEK107.7M and total debt of SEK113.2M, which brings its debt-to-equity ratio to 105.1%. Its total assets and total liabilities are SEK244.6M and SEK136.9M respectively.
Key information
105.1%
Debt to equity ratio
kr113.22m
Debt
| Interest coverage ratio | n/a |
| Cash | kr43.61m |
| Equity | kr107.71m |
| Total liabilities | kr136.92m |
| Total assets | kr244.63m |
Financial Position Analysis
Short Term Liabilities: GRANGX's short term assets (SEK65.0M) exceed its short term liabilities (SEK23.6M).
Long Term Liabilities: GRANGX's short term assets (SEK65.0M) do not cover its long term liabilities (SEK113.3M).
Debt to Equity History and Analysis
Debt Level: GRANGX's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: Insufficient data to determine if GRANGX'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: GRANGX has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GRANGX is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.